3 firms declared as failed by FSCS

Three financial firms, including a Financial Planning firm, have been declared as failed since the start of the year by the Financial Services Compensation Scheme.

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2 advice firms declared in default by FSCS

Two failed advice firms have been declared in default by the FSCS, opening the door to compensation claims.

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FSCS compensation funding review moves forward

The FCA is to review Financial Services Compensation Scheme limits and funding class thresholds in the next step in its plans to improve the compensation framework.

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FSCS confirms 10 regulated firms in default 

The Financial Services Compensation Scheme has reported that 10 regulated firms defaulted in October and November.

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