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FSCS declares 12 firms in default in 8 weeks
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The Financial Services Compensation Scheme (FSCS) has declared 12 regulated firms in default in February and March including major SIPP provider Hartley Pensions.
FCA rejects accusations of poor response to BSPS fiasco
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The FCA has responded robustly to complaints about the time it took to provide redress to victims of the British Steel Pension Scheme (BSPS) scandal.
Read more: FCA rejects accusations of poor response to BSPS fiasco
Pension scammers acting with impunity says industry body
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Pension scammers are acting with impunity as few have ever been held to account, according to industry body The Pension Scams Industry Group (PSIG).
Read more: Pension scammers acting with impunity says industry body
FSCS declares Glasgow firm as failed over SIPP claims
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The Financial Services Compensation Scheme (FSCS) has declared Glasgow-based Atlantic Investors (Scotland) Ltd (FRN: 182565) as failed.
Read more: FSCS declares Glasgow firm as failed over SIPP claims
Men are biggest victims of £2bn pension and SIPP losses
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Almost £2bn has been lost from UK pension pots and SIPPs since 2019 because of financial advisers and providers going out of business, according to new data from the Financial Services Compensation Scheme.
Read more: Men are biggest victims of £2bn pension and SIPP losses