FSCS
Financial services
The Financial Services Compensation Scheme (FSCS) has begun reimbursing firms some or all of their share of a £326m interim levy after they successfully applied for a refund.
11 November 2011
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Investment
The Financial Services Compensation Scheme (FSCS) looks set to stump up $10m to allow a controlled liquidation of Lifemark after the other main contender for a rescue of the fund pulled out.
02 November 2011
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Wealth managers
Lawyers acting for the FSCS have sent IFAs who recommended their clients invest in Keydata - and who the FSCS has now paid compensation - letters of claim saying the scheme will pursue the firms for recovery of the money.
12 October 2011
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Financial services
The Financial Services Authority (FSA) has restarted its review of Financial Services Compensation Scheme (FSCS) funding, with a view to formally consult in the first half of 2012.
03 October 2011
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Specialist
Home secretary Theresa May has written to the Financial Services Compensation Scheme about its decision to compensate some Lehman-backed NDFA structured products but not others.
15 September 2011
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Specialist
The proposed interim levy on the investment intermediary sub-class in 2009/10 following the failures of Keydata and two stockbrokers has been cut from £70m to £58m, although the structured product-related charge has increased by £2m, the FSCS confirms...
29 March 2010
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