FCA confirms providers will stump up 25% of adviser FSCS bill
'Vast majority' of providers 'strongly disagreed'
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...
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