scheme

UK Financial Services Compensation Scheme ready to start accepting claims against B&G Finance

FSCS is aware that B&G Finance Ltd entered administration on April 1, 2020.

The UK Financial Services Compensation Scheme (FSCS) is aware that B&G Finance Ltd entered administration on April 1, 2020. The Scheme says it is ready to start accepting claims against the firm.

From January 2, 2018, B&G Finance Ltd arranged and promoted mini-bonds on behalf of Basset & Gold Plc, which issued the mini-bonds. FSCS has determined that due to mis-selling of these mini-bonds, many Basset & Gold bondholders who bought their mini-bonds through B&G Finance Ltd may be able to claim compensation up to the £85,000 limit.

Although Basset & Gold Plc has also entered administration, FSCS is unlikely to be able to pay compensation based purely on Basset & Gold Plc’s failure to repay the bonds, as issuing bonds is not normally a regulated activity.

Customers who bought their bonds through B&G Finance Ltd can

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Personal importation scheme | Therapeutic Goods Administration (TGA)

Individuals can legally import most therapeutic goods for personal use under the Personal Importation Scheme.

Personal importation occurs when:

  • an individual arranges from within Australia for a therapeutic good to be sent to them from an overseas supplier or family/friend; and
  • the goods are to be used by that individual or a member of his/her immediate family and are not sold or supplied to any other person.

It is important to note that such therapeutic goods may not be approved for supply in Australia; this means there are no guarantees about their safety or quality.

Because safety and quality cannot be guaranteed do not order medicines, including dietary supplements and herbal preparations, over the Internet unless:

  • You know exactly what is in the preparation; and
  • You have checked the legal requirements for importation and use in Australia.

Personal Importation Scheme

Under the Personal Importation Scheme you may import a 3

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