'Covid-19 pandemic is FCA's chance to resolve FSCS funding issues'

Focus on rebuilding business not FSCS levy

Hannah Godfrey
clock
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."
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 praise...

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.
  • Tap into our community intelligence through our regular Pro Adviser poll.
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Last year's WIFA winners

Nominations open for Women in Financial Advice Awards 2022

Awards ceremony set for 6 July

Professional Adviser
clock 19 January 2022 • 1 min read
Cathi Harrison: "We want to play an active part in helping the evolution of financial services and creating a profession that makes us all proud."

Advisers offered access to Apricity software for £1 a month

Bid to inspire positive compliance culture

Jenna Brown
clock 18 January 2022 • 2 min read
A snap from the PA Awards in 2020.

10 days left to enter PA Awards

28 January deadline

Professional Adviser
clock 18 January 2022 • 1 min read