Topically enough, the Financial Services Compensation Scheme (FSCS) is "a pet hate" of Paul Miles and something he says he would review properly if he were head of the FCA for a day.
Every guest on our regular Adviser Champions video series is asked what they would do as boss of the regulator for 24 hours and the Silverback Consulting principal reckons he would target the lifeboat fund's levy scheme. "I would definitely review the levy system," he muses. "It's a pet hate of mine and I think it's so unfair what's going on there." FCA confirms providers will stump up 25% of adviser FSCS bill The consultant also says he would look to do away with retrospective regulation and improve education within the regulator. Miles is the latest Adviser Champion to appear ...
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