FSCS
UK IFA firm fails
With the FSCS receiving claims in regard to the British Steel Pension Scheme
Seven firms declared in default in last two months
This means firms have gone out of business and are unable to meet any claim themselves
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