Displaying items by tag: claims
Thursday, 16 January 2020 08:48
FSCS levy up by £87m as SIPP claims soar
Soaring SIPP claims have forced the Financial Services Compensation Scheme to increase its levy for 2020/21 by £87m to £635m.
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Tuesday, 17 December 2019 12:51
FSCS warns of £46m extra levy as 500 SIPP claims on the way
The Financial Services Compensation Scheme has warned that there is a ‘high risk’ of a supplementary £46m levy on advisers and providers in the coming due in part to rising pension and SIPP claims.
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Thursday, 19 September 2019 16:45
Expensive claims force SIPP firm into administration
Defending itself against a rising toll of claims has forced Berkeley Burke SIPP Administration Limited (BBSAL) into administration, with the book of business sold this week to Hartley Pensions Limited.
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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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