PFS urges Chancellor to broaden FSCS funding review scope

Review 'too restricted' to deliver a fair and sustainable solution

Tom Ellis
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PFS urges Chancellor to broaden FSCS funding review scope

The Personal Finance Society (PFS) has urged the Chancellor to broaden the scope of the Financial Services Compensation Scheme (FSCS) funding review, saying current rules stifle growth in the regulated advice market.

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,...

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