Currently, there are 1,013 complaints against Rowanmoor, which have begun transferring over to the Financial Services Compensation Scheme now that Rowanmoor is no longer able to cover all the potential payouts.
This means what is not covered by the provision made by Lloyds and by Rowanmoor to date will be shouldered by the FSCs - including through adviser levies.
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FTAdviser approached Rowanmoor for comment.
ruby.hinchliffe@ft.com
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