Providers will be required to contribute 25% of financial advisers' Financial Services Compensation Scheme (FSCS) bills despite their protestations, the Financial Conduct Authority (FCA) has confirmed.
The FCA said respondents were generally supportive of the proposals it laid out last October, although it acknowledged the "vast majority" of product providers and their representative bodies "strongly...
Transfer did not proceed
Martin Lines outlines key issues
Fit and proper deadline
An IT or regulatory challenge?
Rolls-Royce to cut 9,000 jobs
Opened this month
Despite concerns over recruiting
'Disparity in readiness'
Walker Crips Wealth Management, part of Walker Crips Group, has acquired the client book of the financial adviser firm MA Heap.