FSCS
UK lifeboat scheme gives 18,000 investors access to money
After a collapsed wealth firm’s client book was transferred to a nominated broker
FSCS forks out £282m in advice and life compensation
Redress paid to investors in 2019-20 increased by over 36%, with Sipps leading the way
PEOPLE MOVES: Investec, Phoenix Group, GAM
Investment bank names Jersey COO, while savings firm hires CEO for retirement arm
UK lifeboat scheme pays out over £5m to mini-bond victims
But process will take longer than expected as it recouped additional evidence
UK Sipp firm goes bust
But eligibility over compensation may be decided in the High Court