FSCS

National advice firm Chase de Vere has reached a settlement with the Financial Services Compensation Scheme (FSCS) for an undisclosed sum to deal with claims of poor advice in relation to its sale of Keydata products.

Most types of financial services firms will pay a lower than expected Financial Services Compensation Scheme (FSCS) levy for 2014/15 after it cut its bill by £37m, but investment advisers face another hike in costs.

The Financial Services Compensation Scheme (FSCS) has made top-up payments to Keydata investors after it recovered money from the underlying bond Lifemark's trustees.

The Financial Services Compensation Scheme (FSCS) has said it no longer expects to raise an interim levy on investment advisers for the 2013/14 period.

The chief executive of the Financial Services Compensation Scheme (FSCS) Mark Neale has defended his organisation's multi-million pound spend on marketing, saying it will help protect the industry from detrimental consumer behaviour.

The Financial Services Compensation Scheme (FSCS) is to pay out £100,000 to around 400 savers after a Kent-based credit union collapsed.

The Financial Services Compensation Scheme (FSCS) has hit investment advisers with a £105m levy for 2014/15, an increase of 34% on the last levy.

The Financial Services Compensation Scheme (FSCS) has begun contacting clients of failed firm Tailormade, which was a major distributor of troubled overseas property company Harlequin Property.

The Financial Services Compensation Scheme (FSCS) said it is finalising the claims process for ARM investors with claims against Catalyst Investment Group, and hopes to start inviting claims in early 2014.

The chief executive of the Financial Services Compensation Scheme (FSCS) is "sympathetic" to calculating the scheme's levy based on the risk posed by specific businesses.