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FCA looks to reform controversial levy system

News Team, 06/12/2021

The Financial Conduct Authority (FCA) has published consultation aimed at maintaining the compensation framework that provides appropriate protection for consumers from financial services, a scheme that has previously faced criticism from the financial services firms that fund its spiralling costs.

The Financial Services Compensation Scheme (FSCS) provides compensation when certain authorised financial services firms are unable to meet claims against them. The FSCS ...


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