Charlie Palmer talks to IFAtv about the latest annual report published by the FSCS and what the statistics mean for IFAs.
In their report the FSCS explain that in 2009/10 they completed more than 21,000 claims having received more than 31,592 which is an increase of 185% on the previous year. In that year, approximately 15,000 investment complaints were completed and compensation paid out exceeded £204m.
In relation to structured products the FSCS identified they received 1,288 complaints of which 999 were completed.
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