FSCS defends £4m ads as second round of publicity planned

clock

The Financial Services Compensation Scheme (FSCS) has not ruled out a second round of TV adverts for its ongoing publicity campaign.

The scheme was criticised over the £4m publicity campaign which included the TV ads, but which failed to achieve the anticipated impact on consumers. In its annual report for 2010/11, the FSCS said the campaign would be reviewed. However, today a spokesperson for the FSCS denied it has made a definite decision on scrapping the TV ads and focusing its efforts elsewhere. "Despite reports to the contrary we are not scrapping the TV campaign. We are planning phase two of the campaign and we are not ruling anything out," said the spokesperson. "Our research says the TV ads did actual...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Trade bodies call for chancellor to stop FCA public enforcement

Trade bodies call for chancellor to stop FCA public enforcement

‘Proposals to publicise investigations are a worrying development’

Isabel Baxter
clock 29 April 2024 • 2 min read
SDR extension plans will ensure 'uniform standard' for portfolios

SDR extension plans will ensure 'uniform standard' for portfolios

'Retail-focused firms are also facing a short timeline to prepare'

Cristian Angeloni
clock 24 April 2024 • 4 min read
FCA proposes advisers and platforms 'must' communicate SDR labels

FCA proposes advisers and platforms 'must' communicate SDR labels

Distributors also must provide access to consumer-facing disclosures

Isabel Baxter
clock 23 April 2024 • 1 min read