FSCS
United Kingdom | 27 Apr 15
Clients look for compensation after mis-selling wealth manager goes bust
A Scottish-based wealth management firm has gone bust after it was unable to pay back clients who were mis-sold high risk investments, and customers are now turning to the Financial Services Compensation Scheme to get their money back.
Sesame confirms Intrinsic as network partner
UK-based advisory giant Sesame has confirmed that Intrinsic is its preferred network partner for investment advisers who decide to leave the network.
United Kingdom | 19 Mar 15
FSCS lays down £20m levy
A surge in complaints about bad SIPP advice has led the Financial Services Compensation Scheme to lay down a £20m interim levy on life and pensions intermediaries.
SIPP holders can now claim full losses
UK consumers who suffered investment losses after being advised to transfer funds into a self-invested personal pension (SIPP) can now claim compensation for the value of their investment.
IFAs pay 52m for Keydata failings
Financial advisers have so far paid £52m in damages for recommending products from failed life settlement provider, Keydata Investment Services.