Providers should 'contribute a third' of adviser FSCS costs

The organisation said research found 77% of advisers want providers to pay into the intermediary funding class. It added, on average, advisers think providers should contribute about a third of the total costs. The APFA survey, which spoke to 262 advisers, also found 69% want the levy to be based on the volume of risk products sold by a firm, while 59% thought it should be based on the number of successful Financial Ombudsman Service complaints made against it. The FSCS funding levy is currently under review by the Financial Conduct Authority. It is looking at different options on ...