Clients of collapsed advice firm to have claims examined Investing Claims from the collapsed advice firm Tenet will be investigated by the Financial Services Compensation Scheme (FSCS) at the start of next year. Earlier this year, the firm’s administrators said 9,645 clients were “considered as being at higher risk of having received unsuitable advice”. Tenet, which billed itself as the largest independent financial adviser network [...]
Billions vanish from retirement funds after pension providers shutter Pensions FSCS was able to pay back about £1.2bn in compensation over the last five years, meaning that investors were left with up to £800m in lost pension funds.