Exclusive: London MP to push for 'fundamental' review of FSCS levy

Sympathy with risk-based levy

Hannah Godfrey
clock
Nickie Aiken: "There will be different approaches for the types of risks people want to take, and therefore it would make sense that there be a tiered approach when it comes to any form of levy."
Image:

Nickie Aiken: "There will be different approaches for the types of risks people want to take, and therefore it would make sense that there be a tiered approach when it comes to any form of levy."

Newly-elected Conservative MP for Cities of London and Westminster Nickie Aiken has said she will call for a “proper, fundamental review” of the FSCS levy funding after hearing from financial advisers.

Speaking exclusively to Professional Adviser, Aiken (pictured) said it was time for a review of the funding of the Financial Services Compensation Scheme (FSCS) levy, and that she would be writing ...

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 Your profession

Progeny eyes international expansion with latest acquisition

Progeny acquires international advice business The Fry Group

The Fry Group

Jenna Brown
clock 28 June 2022 • 2 min read
Chris Hudson, managing director of retail intermediary at Standard Life said: "Improving our pension pricing and modernising our online presence is part of our renewed commitment to the adviser marketplace."

Standard Life updates service capability for advisers

‘Long-term commitment’

clock 27 June 2022 • 2 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