The Approved Judgement from the judicial review into the FSCS's decision to levy investment advisers for the costs of Keydata claims has been published. IFAonline has a copy and here are 14 things you should know...
Last year's FSCS ruling that investors lost money in Keydata while it was acting as an intermediary cost advisers £32m. More than two hundred advice firms revolted. This month advisers represented by Regulatory Legal (pictured: partner Gareth Fatchett) lost the resulting judicial review against the public body. But the FSCS has failed to answer why there is such a gulf between its assessment of a company's activities, and the market's perception. Here are 14 key points from the review to help you know where you stand when selling products and paying FSCS fees. Perception The...
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