FSCS
FSCS opens door to Beaufort compensation
Clients of the failed discretionary fund management firm Beaufort Securities and its clearing arm, Beaufort Asset Clearing Services, may be now eligible to claim compensation, after the Financial Services Compensation Scheme (FSCS) declared the two firms in default.
IFAs among 24 firms UK compensation scheme declares in default
Three advisory firms, along with 21 other financial businesses, were declared in default by the Financial Services Compensation Scheme (FSCS) in February.
PEOPLE MOVES: FSCS, UBS Group, Julius Baer International
The UK’s lifeboat scheme has named a new chair, UBS Group has appointed a former Morgan Stanley chief executive to head up its Saudi ultra-high net worth business and Julius Baer International has hired five from Barclays Wealth and Investment Management.
Arch Cru failures prompt UK lifeboat scheme revamp
Financial compensation calculations have been overhauled following failures that saw beleaguered investors in two Arch Cru funds underpaid by about £800,000 by the UK’s Financial Services Compensation Scheme (FSCS).
UK compensation scheme warns of Russian scam
UK consumers have been warned to avoid a Russian website claiming to be a subsidiary of the Financial Services Compensation Scheme (FSCS).