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...

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