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Showing 1 - 3 of 3 results for "Financial Services Compensation Scheme"

FCA mulls capital requirements for firms giving bad advice

ANDREW MCKEAN  |  THURSDAY, 30 NOV 2023
... competitors. That needs to change. It is important that the polluter pays," Pritchard said. The Financial Services Compensation Scheme (FSCS) paid out nearly £760 million for poor advice by insolvent personal investment firms between 2016 and 2022. ...

CSLR finally passes senate

KARREN VERGARA  |  FRIDAY, 23 JUN 2023
... "historic moment" for Australians. Passing the senate on June 22, the Treasury Laws Amendment (Financial Services Compensation Scheme of Last Resort) Bill 2023, provides victims of financial misconduct access to redress and compensation. The CSLR covers ...

Inquiry criticises gaps in CSLR

KARREN VERGARA  |  MONDAY, 31 JAN 2022
... investors, a parliamentary inquiry heard. In discussing the Standing Committee on Economics Financial Services Compensation Scheme of Last Resort Levy Bill 2021 last week, SMSF Association deputy chief executive Peter Burgess pointed to deficiencies ...
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