Advisers back FSCS levy cut plan as PIMFA urges FCA to go further

Levy is 'bone of contention' for advisers

clock • 3 min read
Advisers back FCA plan to cut FSCS levy as PIMFA urges regulator to go further
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Advisers back FCA plan to cut FSCS levy as PIMFA urges regulator to go further

Advisers have backed moves by the Financial Conduct Authority (FCA) to reduce their Financial Services Compensation Scheme (FSCS) bills but trade association PIMFA has said its plans do not go far enough.

The Financial Conduct Authority (FCA) outlined its plans to stabilise the lifeboat fund's levy demands and reduce the burden on advisers by 10% year-on-year from 2025 to 2030 in its paper on consumer investment...

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