The amount of compensation that the FSCS can award is complicated and varies depending on the product type.
As such, the links below are informative and provide for useful reference.
Guide to the Financial Services Compensation Scheme.
Link to the FSCS Products website. Use the menu on the left hand side to navigate to detailed information about different product types.
Important Note: ATEB news is intended to provide general information ONLY. The content, including any views expressed or guidance provided, does not replace the need to comply fully with FCA Rules and Guidance. Unless you have discussed news article content with ATEB, and specifically how it relates to your circumstances, then ATEB disclaims all liability and responsibility and actions arising from any reliance placed upon it. For the avoidance of doubt therefore, any reliance you place on such information without our consultation is at your own risk.
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Information only.
For reference and for validating the information that must be provided in your disclosure documentation.
As you may be aware the regulation of consumer credit will move from the Office of Fair Trading (OFT) to the FCA on 01 April 2014. Find out what you need to do here.
There is a Government e-petition here which aims to increase the protection afforded to Financial Advisers by removing the Ombudsman’s right to consider a claim without any long-stop restriction and without applying the Limitation Act 1980.
RDR requires advice to be free from bias, clearly explained and transparently charged. The FCA is currently conducting a three-stage thematic review and the first part of that review has raised a number of concerns.
Currently, this is one of the questions we are most often asked.
The trouble is, there are different sources of opinion. At the end of the day, we believe that it is the FCA’s opinion that counts and this is what they say.
New Capital Resource Requirements – ATEB’s Final Warning!
Steve Bailey Compliance 2014, 2015, Mortgage, PI
We thought it would be prudent to send one final reminder regarding the change to the Capital Resource Requirements that come into force 31/12/13.