Treasury Taskforce to address FSCS levy concerns and work with FCA

Plus online scams

Sophie King
clock • 2 min read

The Treasury’s Asset Management Taskforce has said the financial services sector will work with the Financial Conduct Authority (FCA) to address Financial Services Compensation Scheme (FSCS) levy issues.

The meeting, held on Wednesday (20 January), was attended by the City Minister John Glen MP, FCA personnel and 10 industry representatives. Members of the taskforce include Investment Association Chair Keith Skeoch, ShareAction chief executive Catherine Howarth, Investment Association director for stewardship and corporate government Andrew Ninian, Vanguard Asset Management managing director for Europe Sean Hagerty and JP Morgan investment specialist Jennifer Wu.  The Taskforce said the industry will work with the regulatory to address concerns surrounding the FSCS levy, which has cau...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Regulation

FCA publishes pensions regulatory priorities report

FCA publishes pensions regulatory priorities report

Regulator sets out key priorities amid significant industry transformation

Martin Richmond
clock 12 March 2026 • 4 min read
Treasury proposals spark AR liability fears

Treasury proposals spark AR liability fears

Not expected to have ‘material’ impact on PII market but creates more risk

Isabel Baxter
clock 11 March 2026 • 4 min read
Pension experts supportive of VfM proposals but warn 'challenges remain'

Pension experts supportive of VfM proposals but warn 'challenges remain'

Responses to consultation on VfM framework for DC schemes

Holly Roach
clock 10 March 2026 • 6 min read