FSCS set to wind up LCF compensation scheme
- Tuesday, 09 August 2022
- Articles
The Financial Services Compensation Scheme is set to close the London Capital & Finance (LCF) scheme it set up to provide redress to victims of the firm’s collapse.
Read more...FCA warns BSPS redress scheme to cost £140m
- Tuesday, 02 August 2022
- Articles
The Financial Conduct Authority (FCA) has warned that its proposed redress scheme for the British Steel Pension Scheme (BSPS) scandal could see advice firms pay over £140m in compensation.
Read more...FCA to pay £4,000 to firm which caused £100m in losses
- Monday, 11 July 2022
- Articles
The FCA has been ordered to pay £4,000 compensation to a complainant which caused £100m in consumer losses and redress.
Read more...PIMFA backs imminent FCA ban on CMC phoenixing
- Wednesday, 08 June 2022
- Articles
Wealth management trade body PIMFA has welcomed news that the FCA will ban regulated firms ‘phoenixing’ into Claims Management Companies from 7 July.
Read more...