The Financial Services Compensation Scheme (FSCS) has compensated 530 members of the Millom and District Credit Union following its collapse last week.
The Financial Services Compensation Scheme (FSCS) has detailed how it plans to distribute recoveries it anticipates to receive from Lifemark SA, a bond provider whose products were marketed in the UK by collapsed firm Keydata, with investment advisers in line for a rebate.
Steve Bloor, of Open Resolution, says the Financial Ombudsman is a key defence against unscrupulous banks.
Investors want to know the one thing you can’t reliably tell them – what return will they get?
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