The Financial Services Compensation Scheme (FSCS) is to compensate self-invested personal pension (SIPP) claimants for losses in the value of their investments in three schemes, including Harlequin Hotels and Resorts.
A presentation given by an IFA at a ‘money club' is set to cost the firm £45,000 in compensation after the Financial Ombudsman Service (FOS) ruled its slide show strayed into advice.
Advice to invest in a troubled unregulated overseas property scheme has helped push 24 firms over into failure, the Financial Services Compensation Scheme (FSCS) has said.
Investors in a beleaguered overseas property scheme have been told there is no prospect of them receiving compensation until a fraud investigation into the investment has been concluded.
Pension advisers face a massive increase in the amount they pay to the Financial Services Compensation Scheme (FSCS) as the service prepares for a "significant" rise in claims linked to self-invested personal pension (SIPP) advice.
Catch up: Five retirement stories you might have missed
Guardian SIPP is suing investors with pension money tied up in troubled property investment Harlequin for non-payment of the fees related to their self-invested personal pension (SIPP).
Catch up: Five retirement stories you might have missed
Victims of failed £400m overseas property investment Harlequin have appeared on national television to reveal how losing their retirement funds has left them "frightened" as they enter old age.
An IFA has launched a petition calling on the Financial Conduct Authority (FCA) to ban unregulated collective investment schemes (UCIS) outright.