FSCS

Annuities will soon be protected 100% by the Financial Services Compensation Scheme (FSCS) if recent proposals by the Prudential Regulation Authority (PRA) get adopted.

The former appointed representatives (ARs) of failed network Alpha 2 Omega (A2O) are facing multi-million pound legal claims as the Financial Services Compensation Scheme (FSCS) tries to claw back the money it paid to mis-sold investors.

The Wealth Management Association (WMA) has announced a strategic review to improve its services to members.

Seven advice firms have been declared in default by the Financial Services Compensation Scheme (FSCS).

Investors who put money into failed life bond scheme Catalyst via their Standard Life self-invested personal pension (SIPP) have been told they have longer to wait before finding out if they are eligible for compensation.

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% of savers.

The Whitechurch Network spent more than £704,000 in 2013 settling claims related to advice given by its appointed representatives on Keydata and Arch Cru.

There is a medium risk of an interim levy on life and pensions advisers from the Financial Services Compensation Scheme (FSCS) due to the volume of claims against self invested personal pension (SIPP) providers, it has said.

Another Keydata adviser has been declared in default by the Financial Services Compensation scheme (FSCS), as it published a new list of 28 advice firms unable to meet claims against them.

The Financial Services Compensation Scheme (FSCS) has said it is still investigating whether investors who put money into troubled unregulated scheme Harlequin Property via firms that have now failed are eligible for compensation.