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 the relevant minister to take the next steps towards action. Aiken was elected MP for Cities of London and Westminster in the recent general election, beating former Labour MP-turned-Liberal Democrat Chuka Umunna. Her father, now retired, is a former adviser, having worked for Sun Life before becoming an IFA. The new MP labelled the levy system seemed "unfair", saying she had sympathy w...
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