FSCS
IFAs lack ‘real lobbying group’ to fight ‘scandalous’ fees
Large rises have ‘angered’ advisers who are turning to Treasury Select Committee for help
Collapsed wealth firm clients get £4.4m in compensation
Company was declared in default in January 2020
Unregulated overseas investment scheme at risk of bankruptcy
FCA, lifeboat scheme and Financial Ombudsman Service publish joint statement
64% of advisers and wealth managers do not trust FSCS
They believe UK lifeboat scheme is unable to deliver fair outcomes for clients or firms
Sipp firm hit with over 1,000 compensation claims
Months after its business was sold by joint administrators

