Tagged: financial services compensation scheme

February 22, 2022 @ 3:30 pm By Tony Zerucha  |  

The United Kingdom’s Financial Conduct Authority (FCA) has appointed two people to serve as special administrators over Xpress Money Services after courts issued a special administrative order. David Hudson and Philip Reynolds of FRP Advisory have been appointed as joint special administrators. Xpress is an… Read More

December 26, 2021 @ 11:19 pm By Omar Faridi  |  

PIMFA, the trade association for wealth management, investment services and the investment and financial advice industry, welcomes the fact the UK’s Financial Conduct Authority (FCA) has “recognized current levels of Financial Services Compensation Scheme (FSCS) funding are unsustainable and is committed to reform. But current… Read More

January 15, 2016 @ 10:03 am By JD Alois  |  

The Innovative Finance ISA is a huge opportunity for the peer to peer lending industry.  Yet the introduction of the new ISA also highlights an ongoing issue for P2P platforms: The profound need to inform and educate potential investors and advisors of their services. Sure… Read More

September 2, 2015 @ 1:04 am By Midori Yoshimura  |  

    A recent national survey in the UK found that 7 per cent of over-65s, about 728,000 people, will consider peer-to-peer lending, according to Yorkshire Building Society, which conducted the survey, and FT Adviser. Yorkshire Building Society is among the largest building societies in the UK, with… Read More

August 10, 2015 @ 12:23 am By Midori Yoshimura  |  

  In the UK, more than 100 peer-to-peer lenders have applied for full authorization from the Financial Conduct Authority (FCA), which took over regulation of P2P last year, notes the Financial Times. Nearly 180 companies have interim permission to operate, according to figures obtained from the FCA… Read More

July 30, 2015 @ 11:52 am By Erin Hobey  |  

This week Crowdfund Insider featured Chris Tyrell’s post “Crowdfunding is Impacting the Global Economy” and Rodrigo Niño’s post “Crowdfunding: From Impossible, to Improbable to Inevitable in less than 10 years,” James Tuckett, CEO of investUP adds to this exciting conversation below as he shares his insights in a release regarding… Read More

December 1, 2014 @ 10:54 am By JD Alois  |  

RateSetter, a leading UK peer to peer lending platform, has made a public call for a “refresh” on the Financial Services Compensation Scheme (FSCS).  In a public statement RateSetter declared, “the time has come for the Financial Services Compensation Scheme to act its age”.  RateSetter… Read More

August 16, 2014 @ 9:35 am By Samantha Hurst  |  

Offering up some words of wisdom when it comes to equity crowdfunding, Crowdcube shared strategic insight in a post titled 7 Points Investors Should Consider. The platform provided advice for a wide range of equity topics including how to handle risk and skeptical investors. Investing… Read More