The good guys shouldn't pay: 3,000 PFS members gear up to press MPs on FSCS levy

'Proof of levy concern'

clock • 2 min read

More than 3,000 Personal Finance Society (PFS) members downloaded the professional body's MP letter template within 48 hours of it going live.

The PFS template, produced earlier this week, was designed to help advisers write to their local MPs to tackle issues such as the rising professional indemnity insurance premiums and the FSCS levy. PA is working alongside advisers, the PFS and PIMFA in a campaign to reform the levy, which places an unfair burden on advisers doing the right thing by charging them to subsidise malpractice. Chartered financial planner and IFT Wealth Management chairman Laurence Turner was one of the first advisers to write to his local MP Holly Lynch over the issue: "While I have engaged with my MP in th...

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