FSCS
£57m jump in UK lifeboat scheme compensation
It paid redress to clients of 1,131 failed firms, 92 of which went bust in the last financial year
10 UK firms defaulted between April and May 2021
Seven of which provided financial advice and/or life insurance services
FSCS backtracks on UK advice firm failure
After the lifeboat service said investors could be eligible for compensation
UK advice company fails
Months after it received an asset retention requirement from the FCA
UK lifeboat scheme reduces 2021/22 levy to £833m
Lower forecast sparked by delays in Sipp claims and extension of government support for businesses
