Image:
Ken Davy: "The current situation also gives the FCA the opportunity to resolve, once and for all, the running sore, which is the gross injustice and unfairness of the FSCS funding mechanism."
The Covid-19 pandemic offers the Financial Conduct Authority (FCA) the chance to resolve the “gross injustice and unfairness” of the FSCS levy, SimplyBiz chairman Ken Davy has said.
Davy said post-crisis firms should be allowed to focus on rebuilding their capital adequacy, rather than "unfairly" funding the Financial Services Compensation Scheme (FSCS). The chairman gave p...
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.
