Displaying items by tag: FSCS
Friday, 19 January 2018 10:13
3 SIPP firms declared in default by FSCS
Three SIPP operators have been declared in default by the FSCS after 150 claims were received, the body announced today.
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Friday, 05 January 2018 11:47
SIPP claims force FSCS to add £23.9m extra levy
SIPP compensation claims above predictions have forced the Financial Services Compensation Scheme (FSCS) to ask financial advisers and providers to chip in an extra levy of £23.9m.
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Tuesday, 18 July 2017 10:05
3,600 pay outs for wrong 'risky' Sipp advice cost £105m
Nearly 3,600 consumers have been compensated for wrongly being advised to switch savings into ‘risky’ assets within SIPPs – at a cost of £105m.
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Monday, 03 April 2017 14:44
AMPS wary of product levy to fund the FSCS
The Association of Member-Directed Pension Schemes (AMPS), the body representing SIPP operators and SSAS practitioners, has voiced concerns about introducing a product levy to fund the FSCS and says the role of advice in causing later claims needs to be studied.
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Monday, 16 January 2017 11:58
Advisers get £36m extra FSCS bill for Sipps and £50m refund
Advisers categorised as pensions and life intermediaries face paying an extra £36m to the FSCS next year due to rising cost of Sipps.
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Friday, 02 December 2016 12:08
Extra FSCS levy looms due to growing claims linked to Sipps
Advisers have been warned they face an extra FSCS levy next year as a result of rapidly growing claims related to Sipps.
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Friday, 28 October 2016 12:49
Pension firms among 'failed' list declared in default
The Financial Services Compensation Scheme has revealed a list of another 25 failed finance firms this morning - including a number of pension businesses.
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Wednesday, 13 July 2016 12:26
Sipp-related compensation payments rise by 31%
The average FSCS compensation payments for a Sipp-related claim increased by 31% in the last financial year.
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Tuesday, 19 January 2016 11:25
Sipp-related advice complaints to remain at high level - FSCS
FSCS bosses said today they see no end to the high numbers of Sipp-related advice complaints next year.
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Wednesday, 29 July 2015 10:45
Sipp firm warns FSCS bill could rise
The increased FSCS levy could mean total regulatory costs for Sipp operators in the sector could rise by an additional 75% this year when compared with 2014.
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