Economic Secretary to the Treasury and City minister John Glen has replied to an MP who wrote to him on behalf of a concerned financial adviser regarding the Financial Services Compensation Scheme (FSCS) levy, Professional Adviser can reveal.
According to correspondence seen by PA, Glen (pictured) responded to Labour MP Sharon Hodgson for Washington and Sunderland West on 19 February. Hodgson had sent the letter on behalf of an independent financial adviser within her constituency. In the letter, Glen said that while he appreciated the adviser's concern regarding the levy, the government has no role in setting the price. "...
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