The Financial Conduct Authority (FCA) is looking to improve the Financial Services Compensation Scheme's (FSCS) compensation framework.
The FSCS provides compensation when authorised financial services firms are unable to meet claims against them.
However, a review was launched following concerns about the increasing cost of compensation liabilities on firms via the FSCS levy.
The levy is currently forecast to be £498 million...
Start a free trial now for access to breaking news and cutting edge analysis of the wealth management industry.
You are currently not logged in,
login to view the full article
start by clicking this button.
Need a subscription,
fill out the form here or
contact subs@thewealthnet.com
PAM Insight is the world’s leading independent provider of essential specialist news, analysis and comparative data for the fast-evolving world of wealth management.
Read more about PAM
