FSCS
£100m hike in UK lifeboat scheme levy
Estimated £44m will be used just to compensate mini-bonds victims
UK lifeboat scheme pays £2.3m to Ponzi victims
It aims to complete all claims by the end of July 2020
Greyfriars AM and Berkeley Burke declared in default
Glasgow-based IFA business and West Midlands wealth manager also named by the UK lifeboat service
UK lifeboat scheme to issue decisions on mini-bond claims
Only around 150 victims have been granted compensation so far
Dozen UK firms in default during March 2020
Lifeboat scheme said clients could be able to get back money they have lost