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Displaying items by tag: FSCS

Tuesday, 30 April 2019 08:58

FSCS warns SIPP complaints are pushing up levy

A rising number of SIPP complaints is creating upward pressure on the Financial Services Compensation Scheme levy, the body has warned.
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The Financial Services Compensation Scheme (FSCS) has today revealed that former RBS and ABN AMRO executive, Caroline Rainbird, will become its next CEO.
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Friday, 01 February 2019 13:31

Aegon blasts ‘unfair’ £175m FSCS levy

A director at Aegon has blasted today’s revelation that advisers will have to pay £175m in levy payments to the FSCS as “unfair”.
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Wednesday, 23 January 2019 11:01

FSCS appoints 8 law firms to panel

The FSCS has appointed eight law firms to form its second legal panel, following what it called “a rigorous six-month procurement exercise.”
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The current level of funding and the financial structure of FOS will have to change, FCA chairman Charles Randell told the Treasure Committee today.
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The Financial Services Compensation Scheme (FSCS) has revealed it has so far paid out £1.1m to former Active Wealth clients hit by the British Steel pensions debacle.
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PIMFA, which represents around 1,000 UK wealth managers and financial advisers, has called for an “urgent review” of the FSCS following yesterday’s announcement of an interim levy.
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Thursday, 25 October 2018 12:36

FSCS British Steel compensation tops £500k

The Financial Services Compensation Scheme (FSCS) is currently paying out £531,000 to those affected by the continuing fallout of the British Steel debacle.
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Friday, 21 September 2018 12:39

Advice firm CEO banned over SIPP advice failures 

The FCA has imposed a reduced fine of £60,000 on Alistair Rae Burns and made an order banning him from performing any senior management function in financial services.
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The FCA is set to take over regulation of claims management companies and estimated the cost to be in the region of £17m.
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