Reyker Securities admins announce third and final distribution of client money
The joint special administrators of Reyker Securities announce third and final distribution of client money.
FSCS
FSCS starts accepting claims against Pello Capital
The UK Financial Services Compensation Scheme (FSCS) is now accepting claims against Pello Capital Ltd.
UK FSCS investigates Arrow Financial Services Ltd
FSCS is investigating whether Arrow Financial Services Ltd was involved in any regulated activities and whether these activities may give rise to valid claims.
FSCS declares 13 firms in default in December and January
FSCS has confirmed that the 13 firms below are in default – which means they have gone out of business.
FSCS forecasts 2023/24 annual management expenses budget of £99.8M
The Financial Services Compensation Scheme (FSCS) publishes its Budget Update which outlines its proposed 2023/24 management expenses.
FCA to review compensation limits in FSCS review
The FSCS provides compensation when certain authorised financial services firms are unable to meet claims against them.
UK FSCS confirms 10 firms declared in default in Oct-Nov 2022
The UK Financial Services Compensation Scheme (FSCS) confirms that 10 firms were declared in default in October and November 2022.
UK FSCS expects to pay £592m in compensation in 2023/24
FSCS confirms unchanged 2022/23 levy forecast of £625 million and provides early indication of the 2023/24 levy.
FCA action leads to eight firms entering liquidation
Following a number of petitions by the FCA, the Court ordered that eight regulated financial services firms be wound up.
FSCS confirms seven firms declared in default in August and September
More consumers are in line for compensation, as the FSCS confirms that seven firms were declared in default in August and September.
