The Financial Conduct Authority (FCA) has today announced that it is inviting views on the future funding of the Financial Services Compensation Scheme (FSCS) and has also launched a consultation on a number of specific changes to its scheme rules. The FSCS is the UK’s statutory compensation scheme of last resort, which can step in…
Read moreThe Financial Services Compensation Scheme (FSCS), the UK's statutory compensation scheme for customers of authorised financial services firms, has announced its levy for 2016/17. FSCS, which is well known to former customers of Alpari (UK) Limited and LQD Markets UK, which fell victims of the Swiss franc spike on January 15, 2015, will levy £337 million…
Read moreKPMG decided to clarify some issues, as many of former Alpari UK's clients complained the sum they received was different from the one claimed.
Read moreThe first payments from the Financial Services Compensation Scheme were received successfully in May 2015, the broker said.
Read moreBaker Tilly has confirmed today that it understands that this information has been reviewed by the case team at the FSCS and that the case has now been passed to the FSCS' legal team to decide which products (if any) that were offered by the company, are covered under the compensation scheme
Read moreAn update to clients of insolvent retail Forex broker Alpari (UK) Limited appeared earlier today on the Financial Services Compensation Scheme (FSCS) website. The announcement would be of interest to those (former) clients of the broker that decide to make a separate claim for compensation to FSCS. Those clients should explicitly state their intention to…
Read moreETX to acquire WorldSpreads' Greek, Spanish and Danish businesses.
Read moreNot much resolved at WorldSpreads creditors meeting.
Read moreSpecial Administrator KPMG has eaten up nearly 10% of all cash available in fees.
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