The Financial Services Compensation Scheme's annual report puts compensation costs related to insolvent broker Alpari UK at £27.6 million but warns the number may be higher.
Read moreFSCS is not ready with the payments yet and will most likely proceed with the second tranche in late July.
Read moreThe latest update by administrators from Baker Tilly says that the FSCS have not yet made up its mind on whether all products offered by the broker are covered by the compensation scheme.
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 moreFormer clients of the ill-fated broker who chose to pass their claims to FSCS will start getting their funds back as early as today.
Read more.... and small clients with balances of less than $400 will NOT be receiving anything at the initial stage, but will be required to wait.
Read moreThe estimate was announced as the UK’s statutory compensation scheme said the final levy for 2015/16 for compensation claims for all financial firms in the country will be £319 million.
Read moreA long awaited announcement by the UK regulators is out. Clients of Alpari UK can finally apply for compensation from the FSCS, with the first payments due in May 2015.
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