Bates' claims could fall on the FSCS

Pow, Helen
June 2009
Money Marketing;6/25/2009, p1
The article reports on the possibility that Financial Services Compensation Scheme (FSCS) may also shoulder the future claims against Bates Investment Services (BIS) after the latter was placed under administration of the former. It is a part of the Money Portal (TMP) Ltd. management buyout which also includes the selling of TMP assets Burns Anderson, Sage Financial and Willis Owen to Honister Capital. FSCS stated that it would aim to recover some costs by selling assets.


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