Hence £85,000 is the maximum amount of compensation you can personally claim per firm you invest with. (Assuming all the other eligibility criteria are met. We’ll get to that funfest shortly). Theper personelement means that you’re covered for up to £170,000 in a joint account. ...
The FSCS (Financial Services Compensation Scheme) is an independent compensation Fund of the UK paying compensation to customers of financial companies in the event of bankruptcy.
to start making payments to Lifemark customers whose claims were more than the maximum compensation limit. It notes that customers include those who Lifemark-backed products through Keydata Investment Services. It adds that FSCS has estimated that customers will only receive between 12 per cent and...
The supplementary levy is a separate pot that all classes are required to contribute to, where they have not reached their annual maximum, and it is only used when one class exceeds its annual levy limit. But the FSCS warned today’s figures were still “subject to change” due to the cu...
As stated, FSA is planning to do so before agreeing on European directives on compensation schemes. The European Commission (EC) has stated that the maximum guaranteed level of compensation should be increased from 20,000 pounds to 30,000 pounds.Tolley...
FSA found that most claims or complaints were still well below the current maximum limits. The FOS limit will remain at 拢100,000 for all types of business.EBSCO_bspMortgage Strategy
It states that FSCS has published a funding model that will raise levies on either compensation costs starting April 2014. FSCS has suggested that investment advisors would have been hit with the maximum levy worth 150 million pounds for 2013 and 2014 instead of 78 million levied under the ...
The FSA intends to consult on changes in funding arrangements. The European Council suggests a lower maximum guaranteed compensation than the proposal of the EC and the parliament.TolleySteveMoney Marketing