Capita Financial Managers fined £66m for fund failure
Capita Financial Managers (CFM) has been ordered to repay investors £66m after one of its low-risk funds went into liquidation.
Compensation
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Major shake up of financial compensation funding in pipeline
Product providers could be forced to cough up 25% of the Financial Services Compensation Scheme (FSCS) costs currently paid by intermediaries, according to a consultation document released Monday.
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Coutts loses out in Ombudsman fight
A couple who claimed Coutts mismanaged their discretionary portfolios have won a fight for compensation after taking their case to the Financial Ombudsman Service (FOS).
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FOS orders wealth manager to pay client compensation
A man who complained about advice from Legacy Wealth to invest two-thirds of his pension pot into an unregulated UCIS has won his case at the Financial Ombudsman.
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Chase de Vere fined 560k for Keydata sale failings
Chase de Vere Independent Financial Advisers has been hit with a fine of £560,000 for misleading customers in the sale of Keydata products.