Govt refuses to fast-track FSCS funding probe

Trade organisations and the Treasury Select Committee (TSC) have demanded the Financial Services Authority (FSA) complete its review and make changes to FSCS funding by April 2012. However, in its response today, the government said it will not force the FSA to speed up its plans. Pressure has mounted on the FSA to prioritise an investigation into FSCS funding in the past few weeks. The Association of IFAs (AIFA), the Investment Managers Association (IMA) and the British Insurance Brokers Association (BIBA) all demanded changes to FSCS funding in June. The FSA was originally mea...