FSCS
Two UK IFA firms fail
With the FSCS receiving claims related to pension advice transfers for both
£60m fall in FSCS compensation costs for LDII class
Lifeboat scheme said this was due to reduction in redress over Sipp products
Two UK financial advice firms fail
After both companies were investigated by the FSCS earlier this year
IFA banned over ‘unsuitable’ DB pension transfer advice
He has been told to pay £850,000 to the FSCS to compensate customers
UK-based financial advice firm declared in default
With the FSCS receiving eight claims against the company