Parliamentary steelworker summit: FCA 'actively looking' at adviser PI and cap ad requirements

Westminster steelworker meeting

Hannah Godfrey
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 “Why isn’t the FCA actually going to the root cause of the problem and getting proper PII in place for the entire industry" - MP Stephen Kinnock.
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“Why isn’t the FCA actually going to the root cause of the problem and getting proper PII in place for the entire industry" - MP Stephen Kinnock.

The Financial Conduct Authority (FCA) has admitted it is “actively looking at” professional indemnity insurance (PII) and capital adequacy requirements for advisers, but has declined to give any further information.

On Thursday morning (27 February) steelworkers from Port Talbot, Scunthorpe and Teesside descended on Westminster Palace to talk about their experience of being poorly advised to transfer out of their...

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