FSCS warns on financial advice gap

Most UK adults fail to seek regulated financial advice because they believe it to be “too expensive” and “for the wealthy”, according to new research.

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FSCS warns complex cases will push up costs

The Financial Services Compensation Scheme has warned that rising inflation and more complex cases are pushing up its costs.

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FSCS forecasts 20% levy cut for 2023/24

The Financial Services Compensation Scheme is forecasting a 20% cut to its levy requirement for 2023/24 thanks to high levels of surplus built up in the current financial year.

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FSCS recovers £16m from failed firms

In 2021/22 the Financial Services Compensation Scheme (FSCS) recovered just £16m from the estates of failed firms.

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