FCA to review scope and coverage of FSCS compensation

Consumer investments strategy

Tom Ellis
clock • 3 min read

The financial regulator has said it will once again review the Financial Services Compensation Scheme (FSCS).

In its business plan, published on Thursday (15 July) morning, the Financial Conduct Authority (FCA) said it will review aspects of its rules and the scope and coverage of FSCS compensation payouts for specific regulated activities. It was not any more specific.  The FCA also said it would work with the FSCS, the Financial Ombudsman Service and the Money and Pensions Service to create a "consumer investment coordination group" to continue "proactive work". FCA fines should contribute to cost of FSCS levy - PIMFA As well as this cross-body initiative, the FCA also name-dropped pensi...

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

Compliance relics: The case against PDFs and screenshots

Compliance relics: The case against PDFs and screenshots

'Partial records or flattened archives are no longer sufficient'

David Clee
clock 09 July 2025 • 5 min read
FCA data request prompts SimplyBiz's sector-wide compliance session

FCA data request prompts SimplyBiz's sector-wide compliance session

Nearly 600 advisers sign up for July webinar on navigating new s165 data requirements

Sahar Nazir
clock 09 July 2025 • 2 min read
FCA data information request: Four focus areas for advisers

FCA data information request: Four focus areas for advisers

‘Data is not just a compliance tool it’s a strategic asset’

Chris Davies
clock 07 July 2025 • 5 min read