FSCS
Another British Steel advice firm fails
UK lifeboat scheme has already received six claims against it
Failed mini-bond firm redress pot hits £91m
Just over 84% of eligible bondholders have been given compensation
16 UK businesses went bust between October and November 2021
Most were financial advice, pension and insurance services providers
FCA wants to make UK lifeboat scheme ‘fit for the future’
It is seeking views on the purpose, scope and funding of the FSCS compensation framework
Over 1,000 claims against British Steel sent to FSCS
Total compensation now stands at around £30m