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FSCS

Displaying items by tag: FSCS

Friday, 27 March 2020 15:52

GPC SIPP firm declared in default by FSCS

The Financial Services Compensation Scheme (FSCS) has declared 15 failed regulated firms in default during February 2020 including SIPP firm GPC.

Published in Articles
Friday, 20 March 2020 13:17

Law firm takes FSCS to court over LCF debacle

Law firm Shearman & Sterling has applied for a judicial review into the FSCS’s handling of compensation for victims of the £236m London Capital & Finance mini-bond firm.

Published in Articles
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. 

Published in Articles

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.

Published in Articles
Thursday, 21 November 2019 12:12

FSCS receives 733 claims against Berkeley Burke

The Financial Services Compensation Scheme (FSCS) has received 733 claims against Berkeley Burke Sipp Administration Limited (BBSAL).
Published in Articles
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.
Published in Articles
Thursday, 19 September 2019 09:59

FSCS opens door to claims against Berkeley Burke

The Financial Services Compensation Scheme (FSCS) is now open to claims against Berkeley Burke SIPP Administration Limited (BBSAL).

Published in Articles
Friday, 28 June 2019 11:13

FSCS pays out £473m as SIPPs payouts rise

The Financial Services Compensation Scheme (FSCS) paid a total of £473m in compensation to 425,760 customers of failed firms during 2018/19, it has been revealed.
Published in Articles
Friday, 14 June 2019 12:44

FSCS declares SIPPs firm in default

The Financial Services Compensation Scheme (FSCS) has today declared The Lifetime SIPP Company Limited in default.
Published in Articles
Thursday, 13 June 2019 11:18

FSCS opens to claims against GPC SIPP

The Financial Services Compensation Scheme (FSCS) is now accepting claims against GPC SIPP Limited (GPC) which slumped into administration this week.
Published in Articles
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