FCA to provide support to wealth managers and financial advisers

News Team, 16/11/2021

The Financial Conduct Authority (FCA) has pledged its support to wealth managers and financial advisers in stabilising the Financial Services Compensation Scheme (FSCS) levy by 2025.

The FCA also plans to work with wealth management trade association PIMFA as well as the industry on reducing the levy burden for firms between 2025 and 2030.

This  follows the FSCS lowering its forecast for the levy from an initial £1 billion...

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