FSCS reveals £4m spend on communications and advertising after increasing advisers' levy

Includes advertisements

Sophie King
clock
Martin Bamford: “They should be directly communicating with the customers of firms in default, not stirring up a claims culture by splashing these messages across social media platforms.”
Image:

Martin Bamford: “They should be directly communicating with the customers of firms in default, not stirring up a claims culture by splashing these messages across social media platforms.”

The Financial Services and Compensation Scheme (FSCS) predicted it would spend £4m on its communications, which includes advertising, in 2019/2020, Professional Adviser can reveal.

Earlier this week, a paid-for FSCS advertisement circulated Twitter, encouraging customers to consider if they were eligible for compensation.  The lifeboat fund told PA it expected to spend £4m...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Regulation

The regulator noted there was broad agreement across the industry regarding the potential harms caused by the growing role of ESG data and rating providers.

FCA sees 'clear rationale' for regulatory oversight of ESG data providers

Mixed feedback on UK green bond standard

James Baxter-Derrington
clock 29 June 2022 • 1 min read
Sub-committee to intervene at consultation paper stage.

Treasury sub-committee launched to scrutinise financial regulators post-Brexit

Additional Financial Services Scrutiny Unit

clock 27 June 2022 • 2 min read
Irish advice firm under investigation by FSCS

Irish advice firm under investigation by FSCS

25 cases upheld by FOS

clock 24 June 2022 • 3 min read