FCA's 'polluter pays' consultation: 'Wary' IFAs raise questions

The proposed shake-up to investment advice compensation rules, set out in a consultation paper Capital deduction for redress: personal investment firms, and a Dear CEO  will see firms being forced to set aside capital under a "polluter pays" framework. The regulator said the proposals meant firms would be required to set aside capital so that they can cover compensation costs and "ensuring the polluter pays when consumers are harmed".  The plans would mean personal investment firms - otherwise known as investment advisers - would need to calculate their potential redress liabilities "...