The Financial Conduct Authority (FCA) is considering changing the way consumer compensation limits are structured after some firms suggested insurance and investment limits should be aligned.
The FCA will look at whether it should increase the amount of compensation investment customers can claim from the Financial Services Compensation Scheme (FSCS), it said in a policy statement out on 25...
Could see costs "ramp up"
'Life now seems a lot more fragile than it once was'
Under 30 complaints for advice firms
The government has launched a review into the UK funds regime in a bid to ensure the ongoing competitiveness and sustainability of the sector.
Industry experts weigh in
Adds £60m of assets
Up to £2,500 a month