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FSCS

UK Sipp complaints continue to rise, reveals Ombudsman

Retirement | 7 Feb 17

UK Sipp complaints continue to rise, reveals Ombudsman

Complaints about self-invested personal pension schemes (Sipps) have increased, according to latest figures from the UK’s Financial Ombudsman Service (FOS).

UK financial compensation scheme issues phishing email alert

United Kingdom | 26 Jan 17

UK financial compensation scheme issues phishing email alert

The Financial Services Compensation Scheme (FSCS) has warned consumers to be on their guard against an email scam promising a $5.7m (£4.5m, €5.3m) payment to encourage people to provide personal information.

Harlequin Property enters receivership as resort is shut

North America | 19 Dec 16

Harlequin Property enters receivership as resort is shut

Harlequin Property SVG, the land-owning unit behind the £400m ($509m, €454m) overseas property scheme facing ruin, has entered interim receivership while its flagship resort has closed after the electricity was disconnected.

UK to make ‘polluters’ pay in FSCS levy shake-up

Tax & Regulation | 14 Dec 16

UK to make ‘polluters’ pay in FSCS levy shake-up

The UK regulator has proposed changing the financial compensation scheme to make riskier, so-called ‘polluter’ firms pay higher levies.

Dodgy Sipps claims to drive up FSCS levy on UK advisers

Retirement | 1 Dec 16

Dodgy Sipps claims to drive up FSCS levy on UK advisers

The UK’s Financial Services Compensation Scheme (FSCS) has warned it may impose an interim levy on life and pension advisers over the increasing number of claims related to self-invested personal pension schemes (Sipps).

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International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.