Wixted & Co solicitor backs increase in FSCS compensation limit

A senior solicitor with Wixted & Co has told International Investor website that “it would be a great boost to the victims of negligent financial advice if the FSCS were to increase the limit of its compensation.”

Tim Hampson, a solicitor with award-winning professional negligence solicitors Wixted & Co, was interviewed by International Investor website after FSCS chief executive Mark Neale hinted that the limit could be increased in a blog posting.

Mr Hampson added that: “Sadly, in many cases that we have seen, the compensation that the FSCS can award is simply not enough, and leaves investors out of pocket with no other avenue for further recovery.”

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