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Financial Conduct Authority confirms £49m in British Steel Redress scheme

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Speaking at a press conference this morning, the FCA’s director of consumer investments Therese Chambers said the British Steel situation was ‘truly unprecedented’ and the complex decisions steelworkers were forced to make required...

The Financial Conduct Authority acts to put eight financial services firms in liquidation

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The FCA has reported that eight firms who appeared to have connections to each other and may have advised on substantial investment sums have entered liquidation following several warnings from The Financial Conduct Authority (FCA. The firms...

Advice firm with 152 upheld FOS cases sends new claims to FSCS

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Portal Financial Services which is also known as Portafina or PFS, which has 152 upheld complaints regarding unsuitable transfer advice is no longer able to process claims. The firm is now pointing new claimants towards the Financial Services Compensation...