Adviser FSCS bills set to fall as FCA works to stabilise levy

FCA’s consumer strategy paper

Jenna Brown
clock • 3 min read
Adviser FSCS bills set to fall as FCA works to stabilise levy
Image:

Adviser FSCS bills set to fall as FCA works to stabilise levy

The Financial Conduct Authority (FCA) has set out plans to stabilise the £833m Financial Services Compensation Scheme (FSCS) levy as part of its Consumer Investment Strategy paper.

The regulator said it would also target a 10% year-on-year reduction in the life and distribution and investment intermediation funding classes from 2025 and 2030. To achieve this the FCA said i...

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.
  • 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

PA360: Advisers must 'start now' on Consumer Duty implementation

PA360 North: Advisers must 'start now' on Consumer Duty implementation

Regulator will not prescribe on Consumer Duty compliance

Jenna Brown
clock 05 October 2022 • 2 min read
Tom McPhail: "That's the headline the advice community has mostly picked up on, but if you step back and look at what else is going on in the regulatory policy environment it suggests that not only is a line in the sand being crossed, the whole beach is being dug up."

All eyes on the boundary between guidance and advice

Could lead to business plan shake-up at regulated firms

Tom McPhail
clock 29 September 2022 • 3 min read
SPP flags range of issues with FCA transfer advice redress consultation

SPP flags range of issues with FCA transfer advice redress consultation

Society highlights series of problems it foresees with regulator’s plans

Jenna Brown
clock 27 September 2022 • 2 min read