Claim payouts against adviser brothers reach £5m

Just under £5m has been paid out by the FSCS in claims against two IFA brothers who ran a £17 million scam.

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Compensation coming over 40 failed investment/pension firms

Clients of more than 40 firms which dealt with investments and pensions look set for compensation after The Financial Services Compensation Scheme declared them in default today.

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Compensation coming as 62 firms declared in default

Sixty-two failed financial firms from across the UK have been declared in default today. Read more...

Online compensation claims system cost rises to £20.4m

A new web based compensation claims service will cost The Financial Services Compensation Scheme more than first forecast, with the figure rising to £20.4million. Read more...