FSCS

Two Labour peers have introduced an amendment to the Financial Services Bill seeking to minimise Financial services Compensation Scheme (FSCS) costs borne by levy-payers.

The Financial Services Authority (FSA) has set out the legal backing it received for its proposed £110m redress scheme for Arch Cru investors.

The Association of Christian Financial Advisers (ACFA) has called for an end to the Financial Services Compensation Scheme (FSCS) in its current form and a re-drafting of the professional indemnity insurance (PII) market.

A former broker at Pacific Continental Securities (PCS) has been fined £30,000 by the Financial Services Authority (FSA) and banned for passing on inside information to customers and other failings.

The Financial Services Compensation Scheme (FSCS) has pledged to continue pursuing advisers it alleges mis-sold Keydata products.

The chairman of the Financial Services Authority (FSA) has defended the current system of regulatory fees and levies for small firms, arguing they are proportionate to the size of the firm.

Industry trade bodies have criticised proposed changes to the Financial Services Compensation Scheme (FSCS) sourcebook.

The Financial Services Compensation Scheme (FSCS) has begun the process of dealing with claims from clients of failed spreadbetting firm Worldspreads.

The Association of Independent Financial Advisers (AIFA) has appointed Clare Griffiths from the Financial Services Compensation Scheme as its new senior policy adviser.

The Ministry of Justice is to take action against unscrupulous claims management companies (CMCs) who target IFA firms, following a meeting between the regulator and support service PanaceaIFA.