FSCS
UK lifeboat scheme declares 17 advisory firms in default
Between November 2019 and January 2020 from all over the UK
Advisers pester fund groups to cut fees
Despite only 9% having cut their own costs in recent years
Victims of Scottish ‘Ponzi scheme’ offered lifeline
Investigation underway into advice to invest in high-interest short term deposit accounts
Mini-bond victims take legal action against lifeboat scheme
But FSCS denies wrongdoing, stating it has sought legal advice on the ‘complex and sensitive case’
PI premiums push UK advisory firms to turn away clients
As one business saw a nearly 400% increase in just one year