Product levy 'fairest option', SimplyBiz's Ken Davy tells FSCS review team
Current system "a grotesque injustice"
SimplyBiz chairman Ken Davy has called the Financial Services Compensation Scheme's (FSCS) current funding scheme "a grotesque injustice" and said a product levy is the "fairest option" to replace it.
Writing to the Financial Conduct Authority's (FCA) FSCS review team in a paper entitled Funding the Financial Services Compensation Scheme, Davy (pictured) has highlighted three aims he believes the FSCS...
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