AIFA to challenge proposed FSCS threshold increase

Included among proposals for a new way of funding the scheme, the Financial Services Authority (FSA) has suggested raising the threshold for investment advisers from £100m to £150m. The threshold relates to the total amount that can be levied on a class in a 12 month period. Currently, surplus costs are spread across the remaining classes, but another FSA proposal is to split FSCS funding costs between those activities expected to be regulated under the Prudential Regulation Authority (PRA) and those expected under the Financial Conduct Authority (FCA). A 'retail pool', totaling £7...