MPs demand answers to FSCS fee reform

Chairman of the Treasury select committee Andrew Tyrie told the Financial Conduct Authority (FCA) practitioner and consumer panels the committee wants to hear ideas for making FSCS fees more predictable for the industry. He said the regulator was open to suggestions but found it difficult to come up with an idea that would work for the industry and the FSCS, at a hearing on 28 October. Last week FCA acting chief executive Tracey McDermott told the panel she was open to the idea of changing the way the FSCS collects fees. She raised the possibility of introducing ways to re-direct r...