compensation

Customers who want to make an endowment claim now have online help from the Financial Services Compensation Scheme (FSCS).

The Financial Services Compensation Scheme plans to refund £42m to relevant general insurance firms before the end of the financial year.

THE EUROPEAN Parliament is to hold a formal "committee of inquiry" into the Equitable Life debacle following fierce campaigning by policyholders, reports this morning's Daily Telegraph .

The FSA says it will not recommend changes to current limits on compensation imposed through the Financial Services Compensation Scheme.

News of a possible increase for IFAs in the cost of the FSCS levy has sparked a flurry of angry comments from financial intermediaries and calls for a new solution to the funding problem.

The Financial Services Compensation Scheme (FSCS) has warned its levy may have to rise again in the next financial year to meet the cost of compensation claims.

IFAs could see a rising compensation culture if more consumers believe they can only expect justice from financial firms with a lawyer by their side, warns the Financial Ombudsman Service.

The National Association of Pension Funds (NAPF) wants the compensation costs of failed pension schemes which fall under the government's Pension Protection Fund (PPF) to be spread fairly amongst the remaining schemes.

A ROW HAS apparently broken out over the split-cap compensation process, one week before the claims deadline, alleges the Scotsman .

Mortgage adviser firms who have agreed compensation for endowment mis-selling are not required to re-open the case even if the client returns after accepting that sum, the Financial Ombudsman Service has confirmed.