An FSCS Action Group petition, which is campaigning online for a fairer Financial Services Compensation Scheme, has already seen more than 1,000 signatures following its launch this morning.
The FSA is about to take on a very important task - reforming the funding arrangements for the Financial Services Compensation Scheme.
The Financial Services Compensation Scheme (FSCS) has made its first payments to investors caught up in the collapse of MF Global.
The Financial Services Compensation Scheme (FSCS) has begun proceedings against more than 160 advisory firms it alleges mis-sold Lifemark-backed Keydata products.
A total of 162 firms have been included in proceedings launched by the Financial Services Compensation Scheme to claw back money paid out to investors in Lifemark-backed Keydata products.
An independent adviser has been told he will not have to compensate a client he recommended invest in a Keydata product, even though an ombudsman ruled he had given unsuitable advice.
An irate adviser has said the latest FSCS interim levy is tantamount to mafia-style "extortion" and thinks clients - not advisers - should pay for firms' failures through an investment warranty.
The Association of Independent Financial Advisers (AIFA) has hit out at "spiralling" fee rises from the Financial Services Authority (FSA), Financial Ombudsman Service (FOS) and Financial Services Compensation Scheme (FSCS).