FAMR backs risk-based FSCS levy to ease adviser burden

FSCS funding unpredictable

Jenna Towler
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FAMR backs risk-based FSCS levy to ease adviser burden

The Financial Services Compensation Scheme's current levy collection method makes it hard for advisers to plan and faces reform following the release of the Financial Advice Market Review (FAMR).

The report, released this morning, states the cost of the FSCS levy is not necessarily being borne by the right people. It recommended reviewing how the FSCS is funded and said risk-based levies should...

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