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UK’s Financial Services Compensation Scheme faces review after failure of Silicon Valley Bank
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Compensation scheme’s information led to lost compensation, it is claimed
Payouts uplifted in 126 cases, totalling £1.5m
Rise of 48% in FSCS levy for 2021-22 prompts calls for government action
Judicial review begins into lifeboat fund’s decision to compensate only fifth of customers
FCA makes temporary sanction permanent from January, after London Capital & Finance collapse.
FSCS could compensate some investors in collapsed mini-bond issuer London Capital Finance
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UK compensation scheme has issued payments to 135 out of 11,600 customers
Less than 2% will definitely receive redress, says Financial Services Compensation Scheme
Consumer rules are so perplexing, Reeves should front a consumer awareness campaign
Move follows claims it misled investors caught in LCF mini-bond scandal
GPC Sipp and Lifetime Sipp latest providers to default
Redress scheme says ‘sufficient grounds’ to look at helping investors hit by firm’s failure
Select committee warns on 12-month deadline for inquiry into investment firm’s collapse
Compensation body considers U-turn over claims related to company’s £236m collapse
FSCS apologises for ‘confusion’ it may have caused over whether mini-bonds were protected
Lawyers investigating £236m collapse seek to claim against UK financial compensation scheme
HMRC says investors must pay income tax on any interest earned on failed investments
Investors in unregulated mini-bond likely to lose £236m
Mark Neale wants ban on retirement pots being put into risky investments
Treasury select committee calls for better protection for customers
Regulator says savers were wrongly advised to give up ‘gold-plated’ company schemes
Borrowers with a poor financial history could be driven back towards loan sharks
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