Gina Miller slams FCA's 'scandalous' compensation review

Miller said the FCA had quietly launched a consultation of the scheme that guards consumers against failure by the UK's financial regulators over the summer. In an open letter to the Treasury Committee, Miller said the proposals put forward by the FCA amounted to a flimsy new compensation scheme that was "intellectually dishonest, morally questionable and, from our understanding, contrary to law". She argued that the short eight-week consultation period contravened the Government's Principles of Consultation code. "It also took place over the summer holidays and during an unprecede...