FSCS
United Kingdom | 24 Jul 15
Hartmann Capital investors get bulk payout from FSCS
More than two thirds of the £3.2m in compensation owed to investors of Hartmann Capital has been paid out after the firm was shut down by the Financial Conduct Authority for having a £1.5m shortfall in clients’ money.
United Kingdom | 16 Jul 15
FSCS payouts jump by 35% as SIPP claims rise
The Financial Services Compensation Scheme paid out £327m in compensation to British consumers over 2014/15, a significant rise from the previous year after payments for SIPP-related claims made against financial advisers soared by 50%.
Tax & Regulation | 4 Jun 15
FSCS boss urges advisers to suggest fairer levy system
The boss of the Financial Services Compensation Scheme has urged financial advisers to help the regulators identify ways of making the allocation of levies fairer.
Tax & Regulation | 2 Jun 15
Review urged to curb ‘unreasonable’ regulatory costs
An urgent review is needed to avoid “unreasonable” regulatory costs and levies on UK-based financial advisers, according to the Personal Finance Society.
United Kingdom | 28 Apr 15
Pensions advisers slapped with £100m FSCS levy
UK-based life and pensions advisers are going to be hit with an annual levy that will almost double what was forecast in the Financial Services Compensation Scheme’s plan and budget.