FSCS
SJP hit with 72% jump in lifeboat scheme levy
As it holds back dividend payments by a third
Advice firm sees 140% increase in regulatory fees
Industry needs to brace itself because ‘the prospect of any change soon is extremely unlikely’
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