Iscs News Today

The Financial Services Compensation Scheme (FSCS) has declared Hartley Pensions in default following its investigation.

Rochdale advice firm Frodsham Financial Planning is now in default after being declared failed by the Financial Services Compensation Scheme (FSCS).

The Financial Services Compensation Scheme (FSCS) has reversed its decision and extended support to Hartley self-invested personal pension (SIPP) clients facing administration charges.

Niche Independent Financial Advisers (Niche IFA) has been declared failed by the Financial Services Compensation Scheme (FSCS) after a complaint over its British Steel pension transfers was upheld.

The Complaints Commissioner has sided with the Financial Conduct Authority (FCA) against a complainant who raised concerns about how they did not receive any compensation from the Financial Services Compensation Scheme (FSCS) on their claim against a firm regarding British Steel Pension Scheme (BSPS) transfer advice.

The Financial Services Compensation Scheme (FSCS) has declared self-invested personal pension (SIPP) provider Rowanmoor Personal Pensions as failed.

Holborn Assets, a financial advice firm, has been placed under investigation by the Financial Services Compensation Scheme (FSCS).

Advice firm Inspirational Financial Management has gone under investigation by the Financial Services Compensation Scheme (FSCS).

Advisers have given a cautious reaction to the Financial Conduct Authority’s (FCA) “polluter pays” redress consultation released this morning (29 November), with some sceptical the proposals will work well for small firms.

The Financial Conduct Authority’s (FCA) proposed “polluter pays” investment advice redress framework, which will force firms to hold capital to cover potential future claims, could result in an improvement to the “hardened” professional indemnity insurance (PII) market, the regulator has said.