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		<title>FSCS: Industry News</title>
		<link>http://www.fscs.org.uk/industry/news/</link>
		<language>en-us</language>
			<item>
				<title>Disclosure Requirements for Deposit Firms</title>
				<link>http://www.fscs.org.uk/industry/news/2010/january/disclosure-requirements-for-dep-ytu3vbfj/</link>
				<description><![CDATA[From 1 January 2010, new rules come into force as to how firms regulated by the FSA that accept deposits are required to inform their customers that their deposits are covered by the FSCS.
&nbsp;
EEA firms with branches in the UK that accept deposits will be required to inform their customers that their deposits are covered by their home state scheme.
&nbsp;
Any firm operating under more than one trading name must disclose, in any communication, the trading names under which it operates and explain the impact this has on any protected deposit holder&rsquo;s entitlement to compensation. These rules follow consultation by the FSA. In July 2009 the FSA published Policy Statement PS09/11 in response to the consultation. The Policy Statement followed the Consultation Paper CP09/3.
&nbsp;
The FSA&rsquo;s Policy Statement explains how and when the disclosure of this information should be made to customers. The FSA requires firms to disclose the FSCS protection to their customers every six months, or every twelve months if the communication is to a passbook account holder. This should be a written communication that is in keeping with normal contact made with the consumer. For example customers who receive paper statements should be advised on the statement.
&nbsp;
For those consumers who use internet banking, disclosure should be displayed prominently, for instance in the form of a pop up box.
&nbsp;
More information can be found on the FSA&rsquo;s website.
&nbsp;
Proposed wording for UK authorised firms
Proposed wording for topped-up EEA branches
Proposed wording for non-topped up EEA branches
&nbsp;
FSA Policy Statement PS09/11
FSA consultation paper CP09/03
FSA web update]]>
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				<pubDate>Fri, 01 Jan 2010 00:00:00 GMT</pubDate>
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				<title>FSCS publishes its Plan and Budget 2013/14</title>
				<link>http://www.fscs.org.uk/industry/news/2013/february/fscs-publishes-its-plan-and-bu-x8n8pr41i/</link>
				<description><![CDATA[Total levies of &pound;311m and PPI claims increase
The Financial Services Compensation Scheme (FSCS) today publishes its Plan and Budget: 2013/14, which provides its early assumptions about future claims and indicative estimates of its levies on financial services firms for the coming financial year.
In 2013/14, financial services firms are likely to pay a total levy bill of &pound;311m to cover costs, which excludes the costs of the major bank defaults of 2008. That compares with total levies so far in 2012/13 of &pound;265m.
&nbsp;

    Read the full Plan and Budget 2013/14 document 
    Read the Plan and Budget 2013/14 press release 
]]>
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				<pubDate>Wed, 06 Feb 2013 00:00:00 GMT</pubDate>
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				<title>CMCs and Financial Services Complaints</title>
				<link>http://www.fscs.org.uk/industry/news/2011/july/cmcs-and-financial-services-complaints/</link>
				<description><![CDATA[Today (19 July) the FSCS, Financial Service Authority (FSA), Financial Ombudsman Service (FOS) and the Ministry of Justice (MoJ) publish a joint note outlining the role of claims management companies (CMCs). The note is designed to assist consumers, financial businesses and CMCs to understand the role CMCs play&#160;in the complaints process.
Download:

    Claims management companies and financial services complaints &#8211; a joint note from the FSCS, FSA, FOS and MoJ (PDF 16KB)
]]>
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				<pubDate>Tue, 19 July 2011 00:00:00 GMT</pubDate>
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				<title>Refinancing of loans for 2008/09 bank failures</title>
				<link>http://www.fscs.org.uk/industry/news/2012/march/refinancing-of-loans-for-2008-0-v6tamywr/</link>
				<description><![CDATA[The Financial Services Compensation Scheme (FSCS) and HM Treasury have agreed terms for refinancing loans to the FSCS for the bank failures of 2008/09. FSCS borrowed &pound;20.4bn from HM Treasury in 2008 to fund the costs of compensating consumers whose savings were put at risk by the failures.
When the loans were agreed, FSCS and HM Treasury committed to review the potential repayment schedule after three years in the light of prevailing market conditions with a view to agreeing new terms to come into effect from 1 April 2012. Subject to the final detailed agreement, that review is now complete.
With effect from 1 April, the interest on the loans will increase from 12 month LIBOR plus 30 basis points to 12 month LIBOR plus 100 basis points. This rate will be subject to a floor equal to the Treasury&rsquo;s own cost of borrowing as represented by gilt rate for borrowing of an equivalent duration.
FSCS and HM Treasury have agreed the period of the loans will reflect the expected timetable for FSCS to realise assets from the estates of Bradford and Bingley and the other failed banks. FSCS expects to receive full re-payment of the debt of &pound;15.6bn owed to it by Bradford and Bingley as the residual assets of the bank are wound up. The winding up of the estates of the other failed banks are expected to realise around 80%-90% of the outstanding debt over the next three years. The exception to this is London Scottish Bank for which the estimated recovery is 30%. FSCS expects to levy the deposit taking sector for the balance of the principal on the non-B&amp;B loans.
There will be an annual cap on the amount of interest the industry will have to pay through FSCS levies. This cap will be set on the advice of the FSA (and in due course of the PRA) and take into account what the deposit-taking sector can afford having regard to other FSCS and regulatory commitments. Any interest charges exceeding the annual cap will be capitalised and repaid from levies on deposit-takers.
FSCS and HM Treasury have agreed that the terms of the agreement will be reviewed every three years in light of market conditions and of actual re-payments from the estates of the failed banks.
The FSCS believes this is a fair outcome for both taxpayers and the financial services industry, which funds it.
At the new rate, which comes into effect from 1 April, the likely interest costs for 2012/13 will be on the order of &pound;510m. However, the final costs for coming years could change in the light of prevailing rates and the amount of recoveries the FSCS receives.
FSCS&rsquo; current intention, which will be reviewed in the light of market conditions, is to recover the remainder of the principal on the non-B&amp;B loans, estimated to be &pound;802m, by levying the deposit-taking sector in three roughly equal instalments beginning in 2013/14.
Further information:

    Update on the Banking Defaults to 31 March 2011 (PDF 20KB)
]]>
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				<pubDate>Thu, 08 Mar 2012 00:00:00 GMT</pubDate>
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				<title>NDF DRL Arc Update</title>
				<link>http://www.fscs.org.uk/industry/news/2010/august/ndf-drl-arc-update/</link>
				<description><![CDATA[Update for investors in Capital at Risk products
We are nearing the end of our investigations into how NDF Administration Limited (NDF), Defined Returns Limited (DRL) and Arc Capital and Income plc (Arc) promoted the five Capital at Risk funds (listed below). These investigations have been necessary for us to determine whether there are likely to be any bases on which we will be able to accept claims from investors.
This has been a lengthy and particularly complicated process involving an analysis of the information included in the fund brochures along with a review of other relevant company records.
We now expect to be able to confirm our position before the end of September, and thank investors for their continued patience.
For information, the investments defined as Capital at Risk products include:

    NDF - Fixed Income or Growth Plan February 2008
    NDF - Fixed Income Plan June 2008
    DRL - Kick Out Performance Plan Issue 1
    Arc - Fixed Income Plan 6
    Arc - Stepped Kick Out Plan 5 


If you have any other enquiries you can contact us by phone, in writing, or by email.]]>
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				<pubDate>Thu, 05 Aug 2010 00:00:00 GMT</pubDate>
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				<title>Whitechurch Investment Services Limited</title>
				<link>http://www.fscs.org.uk/industry/news/2005/january/whitechurch-investment-services-limited/</link>
				<description><![CDATA[The Financial Services Compensation Scheme (FSCS) has declared Whitechurch Investment Services Ltd in default, which means that FSCS is satisfied the firm is unable to pay claims against it. A declaration of default opens the way for consumers who have lost money as a result of dealings with this firm to make a claim for compensation to FSCS.
What to do if you have a claim:

    Please outline the details of your claim in writing to: 
    FSCS, 7th Floor, Lloyds Chambers, 1 Portsoken Street, London E1 8BN or contact us for advice. 
    &nbsp;
    You should also contact the liquidator to notify them that you may have a claim against this firm, if you have not already done so. They can be contacted at: 
    BDO Stoy Hayward LLP, 125 Colmore Row, Birmingham, B3 3SD.

How long will claims take to process?
Please be assured that FSCS is dealing with all claims as quickly as it can. Once a firm has been declared in default we generally aim to complete claims within six months of receiving a completed application form. However, we have recently experienced a large increase in the number of claims coming to the Scheme, which means that claims may take longer than this. We are also reliant on third parties for information, which can also delay things.
Any questions?
If you have any queries about your claim please contact us. However, if you have already lodged your claim with us, we would ask you to please be patient. We will be in touch as soon as we can.
&nbsp;]]>
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				<pubDate>Wed, 19 Jan 2005 00:00:00 GMT</pubDate>
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				<title>Blue Swan Insurance (Jersey) Limited</title>
				<link>http://www.fscs.org.uk/industry/news/2006/april/blue-swan-insurance-jersey-limited/</link>
				<description><![CDATA[On 6 February 2006, the Jersey Financial Services Commission issued a public statement to make it known that Blue Swan Insurance (Jersey) Limited was closed to new business on 21 November 2005 and that Blue Swan Insurance (Jersey) Limited is no longer authorised to write new policies of insurance or to renew any existing policies.
If you bought a policy with Blue Swan Insurance (Jersey) Limited after 21 November 2005, then you may not have valid insurance cover in place and you may need to arrange new cover immediately.
Blue Swan Insurance (Jersey) Limited is not authorised by the FSA, the UK's financial services regulator, to carry on insurance business in the UK. If you deal with a financial services firm that is not authorised by the FSA you do not:

    
    have the protection of the Financial Ombudsman Service (FOS), the independent service for resolving disputes between consumers and financial firms, or
    
    
    the Financial Services Compensation Scheme (FSCS) if the firm is unable to meet claims against it or honour its commitments to its customers (for example, if it is unable to provide insurance cover that you have paid for).
    

What you should do 
If you think you may have a claim for mis-selling, for example against an authorised insurance broker in the UK, you should first contact the firm that sold the insurance policy to you.
If you are not happy with how it deals with your complaint, and you have exhausted its complaints procedures, you can contact the Financial Ombudsman to see if it can help.
If the insurance broker that sold the insurance to you is unable to meet claims made against it, FSCS may be able to help you.
More information about FSCS]]>
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				<pubDate>Thu, 06 Apr 2006 00:00:00 GMT</pubDate>
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				<title>Lemma Insurance Europe Ltd update</title>
				<link>http://www.fscs.org.uk/industry/news/2012/october/lemma-insurance-europe-ltd-update/</link>
				<description><![CDATA[Quest Consulting have been appointed to assess claims against Lemma Europe Insurance Company Ltd on behalf of the Provisional Liquidator.&nbsp; This will include claims that may benefit from FSCS protection. All claims will be reviewed on their own individual merits.
If you feel you might have a claim for compensation, you will need to register your claim with Quest Consulting directly. Quest Consulting will then assess whether you have a valid claim under your policy of insurance. FSCS will assess whether that claim is eligible for protection, and if so compensation can then be paid as appropriate.
You can contact Quest Consulting at 52-54 Gracechurch Street, London EC3V 0EH, telephone 020 7015 8650
- Notice by Lemma Europe Insurance Company Ltd
- Q&amp;As about Lemma Europe Insurance Company Ltd
- FSCS compensation limits]]>
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				<pubDate>Tue, 16 Oct 2012 00:00:00 GMT</pubDate>
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				<title>Monarch Insurance Services Limited</title>
				<link>http://www.fscs.org.uk/industry/news/2006/january/monarch-insurance-services-limited/</link>
				<description><![CDATA[The Financial Services Compensation Scheme (FSCS) has declared Monarch Insurance Services Limited in default, which means that FSCS is satisfied the firm is unable to pay claims against it. A declaration of default opens the way for consumers who have lost money as a result of dealings with this firm to make a claim for compensation to FSCS.
What you should do
The first thing you should do is contact the insurer named on any policy documents you may have, to confirm that insurance cover is in place.
If you believe that you do not have valid insurance cover for which premiums have been paid to Monarch Insurance Services Limited, you should contact our Customer Services Team.
The role of FSCS
The Financial Services Compensation Scheme (FSCS) is the UK's statutory fund of last resort for customers of financial services firms and may be able to help consumers if an authorised firm is unable to pay claims against it. The Scheme was set up under the terms of the Financial Services and Markets Act 2000 and protects deposits, insurance, investments and mortgage business.
We are an independent body and provide a free service to consumers.
More information about FSCS]]>
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				<pubDate>Wed, 18 Jan 2006 00:00:00 GMT</pubDate>
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				<title>Wills &amp; Co Stockbrokers Limited</title>
				<link>http://www.fscs.org.uk/industry/news/2010/july/wills-co-stockbrokers-limited/</link>
				<description><![CDATA[Customers of Wills &amp; Co Stockbrokers Limited (Wills &amp; Co) are a step closer to having their complaints against the firm considered by the FSCS.
The FSCS has declared Wills &amp; Co in default, which means it is satisfied that the firm is unable, or likely to be unable, to pay claims against it. The FSCS can now start considering claims for compensation against the firm.
We are now working with the firm&rsquo;s directors and the Financial Ombudsman Service (FOS)&nbsp;to ensure that all investment complaints that have been made against the firm are transferred to us, along with all relevant company records. Once we have received the complaint files and company records, we will send out application forms to these customers to enable them to apply for compensation.
If any customers of the firm have not yet submitted a complaint to the firm or to FOS and would like to make a claim, they should write to us with full details of why they believe they are owed money by the firm.
Customers of the firm that have already registered a complaint with the firm do not need to take any further action at this point. We will contact all registered claimants as soon as we are able to provide details of the claims process and an application form to complete. The claims procedure is designed to be as simple as possible so that applicants should not need legal or financial assistance when making a claim, and we do not charge consumers for using our service.
The FSCS have also issued a Press Release regarding Wills &amp; Co.
More information about Wills &amp; Co is available on the FSA&rsquo;s website.]]>
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				<pubDate>Thu, 01 July 2010 00:00:00 GMT</pubDate>
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				<title>Plan and Budget 2011/12 published</title>
				<link>http://www.fscs.org.uk/industry/news/2011/february/plan-and-budget-2011-12-published/</link>
				<description><![CDATA[Rising PPI claims driving costs for 2011/12
The Financial Services Compensation Scheme (FSCS) has today published its Plan and Budget: 2011/12, which provides its first indicative estimates of its levies on financial services firms for the coming year.
The document provides the Scheme&rsquo;s initial assumptions for likely future claims volumes and recoveries across the full range of the FSCS&rsquo;s work. The FSCS says PPI claims are likely to increase to about 20,000 in the coming year. Claims from high-profile investment failures such as Keydata are likely to fall away, and could total about 2,500 claims according to the Scheme.

    Read the full Plan and Budget 2011/12 document 
    Read the Plan and Budget 2011/12 press release

&nbsp;]]>
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				<pubDate>Wed, 02 Feb 2011 00:00:00 GMT</pubDate>
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				<title>Keydata Update</title>
				<link>http://www.fscs.org.uk/industry/news/2010/august/keydata-update/</link>
				<description><![CDATA[Claims relating to Keydata investments backed by Lifemark SA &ndash; no decision taken. &nbsp;
Following recent reports, the Financial Services Compensation Scheme said today it has not yet concluded its investigations into the potential liability of Keydata for investments backed by Lifemark SA. No decision has yet been made and it is premature to say the Scheme will not compensate consumers until these investigations are completed.
The FSCS expects to confirm its position during September for those who hold investments backed by Lifemark SA. We will do all we can to provide certainty around the position of the FSCS as soon as we can.
More information&nbsp;

    Previous FSCS Keydata update.&nbsp;
    If you have any queries regarding Keydata you can contact our Customer Services Team on 0800 678 1100 or 020 7892 7300. You can also email us at enquiries@fscs.org.uk.&nbsp;
    The FSCS has published some Questions and Answers about Keydata which you may find helpful.&nbsp;
    Please check the Administrators&rsquo; website for general information about their work.&nbsp;
    Further information about Keydata is available on the FSA's website.

&nbsp;]]>
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				<pubDate>Tue, 31 Aug 2010 00:00:00 GMT</pubDate>
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				<title>Dunfermline Building Society update</title>
				<link>http://www.fscs.org.uk/industry/news/2012/november/dunfermline-building-society-update/</link>
				<description><![CDATA[Following the resolution of Dunfermline Building Society in March 2009, HM Treasury appointed Ian Burns as the independent valuer pursuant to s.214D(3) of the Financial Services and Markets Act 2000 and the statutory regulations.&nbsp; The valuer issued a report and determination dated 31 July 2012.&nbsp; Under regulation 13(7) of the Financial Services and Markets Act 2000 (Contribution to Costs of Special Resolution Regime) Regulations 2010, FSCS now publishes the determination notice.
Under regulation 14, FSCS may require the valuer to reconsider the determinations, and to do so must make a request within&nbsp;three months.&nbsp; FSCS has made such a request of the valuer.
Dunfermline Building Society determination notice]]>
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				<pubDate>Fri, 02 Nov 2012 00:00:00 GMT</pubDate>
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				<title>Protection for depositors will increase in January 2011</title>
				<link>http://www.fscs.org.uk/industry/news/2010/september/protection-for-depositors-will-rj8gw5k9/</link>
				<description><![CDATA[The current limit for Deposits is &#163;50,000. The FSCS limit for deposits will increase on 31 December&#160;2010 following European legislation. The FSA plan to issue a consultation shortly on increasing the coverage limit to the equivalent of &#8364;100,000.]]>
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				<pubDate>Wed, 22 Sep 2010 00:00:00 GMT</pubDate>
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				<title>Update on the Tariff Data Resubmission Requests</title>
				<link>http://www.fscs.org.uk/industry/news/2011/july/update-on-the-tariff-data-resub-r79pak2c/</link>
				<description><![CDATA[The FSCS is in the process of reviewing requests from firms to resubmit data previously provided to the FSA for the SD01 and SD02 sub-classes. This has been used to calculate the FSCS interim levy announced in January this year.
The FSCS has started writing to firms regarding their re-submissions and expects to have contacted all firms who have made a request by the end of August. Firms that have not provided enough detail for the FSCS to make a decision about whether to accept the request will then have 30 days to provide further information.&nbsp; Once the FSCS is in a position to take a decision, firms will be informed.&nbsp; If firms are not happy with the FSCS decision, they will have 30 days to write to the FSCS asking for the decision to be reviewed.&nbsp; Once all decisions (including review decisions) have been taken, the FSCS will be able to determine firms&rsquo; revised share of the interim levy. At that stage the Scheme will also be able to inform firms of the amount of any refunds or additional charges. We would like this exercise to be completed by the end of 2011. However, this timescale is contingent on a number of factors outside our control. We will continue to update the industry during the process.
The total amount that the FSCS needs to pay Keydata claims is not expected to increase and it does not expect any additional funds over the amount already levied will be required from the industry. The FSCS will also need to take into account recoveries received, including the recovery from the Norwich &amp; Peterborough Building Society.&nbsp; However, some firms' share of the interim levy may increase if other firms&rsquo; contribution to the levy decreases as a result of requests to re-submit tariff data.
Mark Neale, Chief Executive, says: &ldquo;It is too early to say whether rebates to firms who submitted incorrect tariff data will lead to a fresh levy on other firms. That is because there are other factors that will impact on the final reckoning, including, the amount we have received in recoveries and the total amount paid in compensation.&nbsp;
&ldquo;We do not expect to need any further funding in respect of Keydata on top of the &pound;326m levied in January. But, as we have explained, this is a zero sum game so there may be a need for some firms to contribute more if other firms' share reduces.&rdquo;
All levies on the investment sector, including the recent interim levy are attributed to firms in each sub-class based on the tariff data provided to the FSA by firms. The tariff measure for both the Investment Fund Management and Investment Intermediation sub-classes is &ldquo;annual eligible income&rdquo;.]]>
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				<pubDate>Thu, 14 July 2011 00:00:00 GMT</pubDate>
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				<title>FSCS statement on reporting of annual eligible income from collective investment schemes (CIS)</title>
				<link>http://www.fscs.org.uk/industry/news/2012/june/fscs-statement-on-reporting-of-qk5f69014/</link>
				<description><![CDATA[Following the interim levy invoices issued in January 2011, the FSCS has been dealing with a large number of requests from firms to resubmit tariff data (submitted in 2010 for FSCS levy year 2010/11) under the relieving provisions at 2.3R of the FSA&rsquo;s FEES rules.&nbsp;
It has come to our attention during the course of this levy review process that some firms in the Investment Fund Management sub-class (SD01) were reporting annual eligible income (AEI) relating to Collective Investment Schemes (CIS) on different bases.
The purpose of this statement is to explain how we have been advised firms should be reporting income from CIS under the current rules so that firms know how to report in future and to explain the consequences of this for the 2010/2011 levy review process.
Further information:

    FSCS statement (PDF 184KB)
    Q&amp;As (PDF 186KB)
]]>
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				<pubDate>Fri, 29 June 2012 00:00:00 GMT</pubDate>
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				<title>Whiteley Insurance Consultants</title>
				<link>http://www.fscs.org.uk/industry/news/2010/march/whiteley-insurance-consultants/</link>
				<description><![CDATA[The Financial Services Compensation Scheme (FSCS) is ready to consider eligible claims against Whiteley Insurance Consultants (Whiteley&rsquo;s).
Provisional liquidators were appointed to the firm on 26 April 2005 and the company was put into liquidation on 7 February 2006. The firm was declared in default by the FSCS on 9 May 2005. Following the claims process carried out by the liquidators and the &nbsp;investigations into the firm carried out by the FSCS, &nbsp;the FSCS is now able to consider claims against the firm for travel insurance (or other) policies arranged on or after 14 January 2005. We are unable to consider claims arising before this date because the firm was not regulated by the FSA until 14 January 2005.
Application forms will be sent to those who had insurance policies which expired after Whiteley's was declared in default and those who have claims for losses yet to be paid.
Claimants should answer all the sections on the form and then return the form in the envelope provided. Any dividends already paid to claimants by PricewaterhouseCoopers, the liquidators of Whiteley's, will be deducted from any amount the FSCS is able to pay.
The FSCS will be writing to potential claimants in the next few weeks explaining how to make a claim. However, if you wish to contact the FSCS in the meantime, please contact our Customer Services Team with full details of your query or call our helpline on:
020 7892 7300&nbsp;or&nbsp; 0800 678 1100.
The FSCS&nbsp;has also published some Frequently Asked Questions relating to Whiteley Insurance Consultants.
The role of the FSCS
The FSCS is the UK's statutory fund of last resort for customers of financial services firms and may be able to help consumers if an authorised firm is unable to pay claims against it (called being &quot;in default&quot;). The FSCS was set up under the terms of the Financial Services and Markets Act 2000 and protects deposits, insurance, investments and mortgage business. We are an independent body and provide a free service to consumers.]]>
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				<pubDate>Tue, 02 Mar 2010 00:00:00 GMT</pubDate>
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				<title>Millfield Partnership Limited</title>
				<link>http://www.fscs.org.uk/industry/news/2006/july/millfield-partnership-limited/</link>
				<description><![CDATA[If you are a client of Millfield Partnership Limited, which was placed into administration on 3rd July 2006, it is important for you to know that:

    
    &nbsp;
    If you believe you have a complaint against the firm or have an outstanding complaint with the firm, you should contact the administrators, PricewaterhouseCoopers LLP on 020 7213 2002.
    &nbsp;
    


    
    If the firm (or the administrators on its behalf), is unable to meet valid claims against it, FSCS may be able to pay compensation to consumers who have lost money (for example, because the firm gave unsuitable financial advice).
    
    
    There are limits to the protection FSCS can provide.&nbsp;
    

More information about FSCS]]>
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				<pubDate>Mon, 10 July 2006 00:00:00 GMT</pubDate>
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				<title>FSCS office move</title>
				<link>http://www.fscs.org.uk/industry/news/2012/june/fscs-office-move/</link>
				<description><![CDATA[Please note that we will be moving office over the weekend of 14 and 15 July.
From Monday 16 July our address will be:
Financial Services Compensation Scheme&nbsp;
10th Floor, Beaufort House&nbsp;
15 St Botolph Street
London
EC3A 7QU
Our main telephone and fax numbers remain the same:

    Switchboard: 0800 678 1100 or 020 7741 4100
    Fax: 020 7741 4101

Our direct dial telephone numbers will be changing from the 16th July, so if you have not been given an individual&rsquo;s new number please contact them via email in the first instance after this date.
Please update your records accordingly.
Many thanks,
FSCS]]>
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				<pubDate>Tue, 26 June 2012 00:00:00 GMT</pubDate>
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				<title>Split Capital Investment Trusts</title>
				<link>http://www.fscs.org.uk/industry/news/2004/december/split-capital-investment-trusts/</link>
				<description><![CDATA[FSCS is not involved in the fund announced on 24 December 2004 by the Financial Services Authority (FSA) for investors in split capital investment trusts.
Consumers with enquiries about the fund should call the fund administrators, FDL, on 0845 606 6389.
If you are not eligible to make a claim to the fund, you should contact the firm that sold you your investment, or take independent advice.
FSCS is the UK's fund of last resort for customers of financial services firms. FSCS may be able to help if an authorised firm is unable to pay claims made against it.
Further information about FSCS]]>
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				<pubDate>Wed, 29 Dec 2004 00:00:00 GMT</pubDate>
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