Displaying items by tag: FSCS
Failed SIPP firm PSG is sold to 2 competitors
Most of failed Sipp firm PSG SIPP Ltd (PSGS), has been sold to Alltrust Services Limited with one part, Unity SIPP, sold to London & Colonial.
2 pension advice firms declared as failed by FSCS
The Financial Services Compensation Scheme has declared two pension adviser firms as failed.
FSCS declares Huddersfield BSPS-linked firm in default
The Financial Services Compensation Scheme has declared BSPS-linked adviser firm Mark Peter Houlbrook (FRN: 498168) in default over pension transfer advice, opening the door to compensation for ex-clients with valid claims.
FSCS investigates failed SSAS-linked DFM firm
The Financial Services Compensation Scheme has opened an investigation into failed DFM and SSAS investment firm Central Markets Investment Management (CMIM) Limited.
FSCS declares Birmingham BSPS-linked firm in default
The Financial Services Compensation Scheme has declared BSPS-linked firm Green Gem Financial Ltd (FRN: 400488) in default over pension transfer advice, opening the door to compensation for ex-clients with valid claims.
FSCS pays out £423m in compensation in one year
The Financial Services Compensation Scheme (FSCS), the safety net scheme for consumers, paid out £423m in compensation to customers during its 2023/24 year, £20m higher than the previous year.
FSCS reports rise in 'more complex' SIPP failures
The Financial Services Compensation Scheme (FSCS), the industry-funded safety net for consumers, has warned it is seeing a rise in more complex SIPP claims after it paid out a total of £423m in compensation in its 2023/24 year.
SIPP claim results in failure of pension adviser firm
Two pension adviser firms have been declared as failed by the Financial Services Compensation Scheme with one being hit with a successful SIPP claim.
FSCS appoints PWC to handle claims service
The Financial Services Compensation Scheme (FSCS) has awarded the contract for its core claims handling to professional services giant PwC.
Regulators say working together improves SIPP outcomes
The UK’s financial regulators say working together has improved outcomes, particularly in relation to failings by SIPPs operators, the British Steel Pension Scheme scandal and the introduction of Consumer Duty.