FSCS chief backs 'fair' risk-weighted levies
investmentweek The chief executive of the Financial Services Compensation Scheme (FSCS) is "sympathetic" to calculating the scheme's levy based on the risk posed by specific businesses.
View ArticleFSCS to start claims process for Catalyst/ARM in early 2014
investmentweek The Financial Services Compensation Scheme (FSCS) said it is finalising the claims process for ARM investors with claims against Catalyst Investment Group, and hopes to start inviting...
View ArticleFSCS contacts clients of major Harlequin distributor
investmentweek The Financial Services Compensation Scheme (FSCS) has begun contacting clients of failed firm Tailormade, which was a major distributor of troubled overseas property company Harlequin...
View ArticleFSCS lands investment advisers with 34% levy increase
investmentweek The Financial Services Compensation Scheme (FSCS) has hit investment advisers with a £105m levy for 2014/15, an increase of 34% on the last levy.
View ArticleFSCS to compensate 400 savers after credit union collapse
investmentweek The Financial Services Compensation Scheme (FSCS) is to pay out £100,000 to around 400 savers after a Kent-based credit union collapsed.
View ArticleFSCS chief defends £3.6m marketing campaign
investmentweek The chief executive of the Financial Services Compensation Scheme (FSCS) Mark Neale has defended his organisation's multi-million pound spend on marketing, saying it will help protect...
View ArticleFSCS postpones £30m interim levy on investment advisers
investmentweek The Financial Services Compensation Scheme (FSCS) has said it no longer expects to raise an interim levy on investment advisers for the 2013/14 period.
View ArticleFSCS makes further payouts to Keydata claimants
investmentweek The Financial Services Compensation Scheme (FSCS) has made top-up payments to Keydata investors after it recovered money from the underlying bond Lifemark's trustees.
View ArticleInvestment advisers hit with additional £7m FSCS levy bill
investmentweek Most types of financial services firms will pay a lower than expected Financial Services Compensation Scheme (FSCS) levy for 2014/15 after it cut its bill by £37m, but investment...
View ArticleChase de Vere settles with FSCS over Keydata sales
investmentweek National advice firm Chase de Vere has reached a settlement with the Financial Services Compensation Scheme (FSCS) for an undisclosed sum to deal with claims of poor advice in relation...
View ArticleAdvisers face £2.5m in FSCS compensation claims for new defaults
investmentweek The Financial Services Compensation Scheme (FSCS) is facing claims worth around £2.5m for 12 investment and life & pensions firms newly declared in default - which would need to be...
View ArticleFSCS launches celeb-heavy £3.3m awareness campaign
investmentweek The Financial Services Compensation Scheme (FSCS) has launched a new consumer awareness campaign, starring five celebrities, which it hopes will increase awareness of the scheme to 70%...
View ArticleSeven advice firms declared in default by FSCS
investmentweek Seven advice firms have been declared in default by the Financial Services Compensation Scheme (FSCS).
View ArticleFOS cuts budget 13% and freezes levy at £23m
investmentweek The Financial Ombudsman Service (FOS) is to make further cuts to its operating budget in the coming financial year and has frozen its levy at £23.3m.
View ArticleFSCS levy set at £287m as SIPPs turn sour
investmentweek The Financial Services Compensation Scheme (FSCS) plans to collect a levy of £287m from firms in 2015-16, as it prepares for a rise in claims related to self-invested personal pensions...
View ArticleHargreaves to launch Portfolio Plus service; CEO hits out at FSCS 'madness'
investmentweek Hargreaves Lansdown unveiled plans for a new non-advised service in its latest trading update, but its shares fell as it revealed rising costs including an FSCS levy of £4.6m
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