PFS urges Chancellor to broaden FSCS funding review scope

PFS chief executive Keith Richards (pictured) wrote to then Chancellor George Osborne in July. His concerns about the funding review's "unnecessarily narrow scope" have since been passed to Osborne's successor, Philip Hammond. The PFS said it was engaged with the Treasury over the issues raised in the letter. Advisers have previously expressed concerns that the "good guys pay" under the current FSCS levy structure. The way the organisation is funded is under review following recommendations made in the Financial Advice Market Review (FAMR). The review found the costs of the FSCS were ...