The Financial Services Compensation Scheme (FSCS) has paid out £4.7m in respect of Total Wealth Solutions, a collapsed IFA that advised clients to invest their pensions in a fraudulent Brazilian forestry scheme. In 2017 the Bedfordshire- based firm...

The FCA has been accused of unlawfully changing its complaints scheme “via the backdoor” to avoid paying compensation. Last year the Financial Conduct Authority published guidelines that said consumers would only be entitled to compensation when...

Reports have been published highlighting the reasons for auditors resigning from the High Street Group after compiling the company’s accounts. Accountants PwC stood down as auditors of High Street Group - the developer behind Hadrian’s Tower in...

Ombudsman backs client after TenetConnect failed to give her suitable advice. The individual who is known as Mrs L to protect her identity raised the claim with FOS after unsuitable advice caused her to pay tax that she felt could have been avoided. Mrs...