Gina Miller, co-founder of the True & Fair Campaign, has criticised the Financial Conduct Authority over changes made to its compensation scheme, branding the move “unlawful”.
Writing ahead of Tuesday's (16 November) deadline for feedback on the Financial Regulators Complaints Commissioner's draft report text on the FCA's proposed reforms to the compensation scheme, Miller reasserted her condemnation of the changes, which she first raised over a year ago. She described the manner in which the regulator had gone about changing the regulation as "underhand" and "utterly shameful", and argued the body had a duty to investors as per the FSA 2012 regulation. "By setting the bar at an impossibly high level, victims of scandals where the FCA's own regulatory failu...
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