FSCS levy fears at spread-bet firm Echelon default

Blackmore, Nicole
June 2009
Money Marketing;6/11/2009, p21
The article reports on the concern expressed by independent financial advisers (IFAs) concerning the speculated rise of Financial Services Compensation Scheme (FSCS) levy following the liquidation of Echelon Wealth Management Ltd. in Great Britain. IFAs argue that the company's decline will likely result to a growth in FSCS levies collectedc from them to £38 million. It reveals that Echelon employees can receive compensation claims of up to £48,000.


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