Tim Fassam: Why the FCA should embrace quick FSCS wins

'Rebuild bridges'

clock • 4 min read

While the FSCS levy is a complex problem that cannot be fixed with simple solutions, argues PIMFA's Tim Fassam, the FCA should embrace some quick wins while it sorts out the bigger problems...

A well-functioning, competitive and accessible retail investment market is critical for both savers and the wider economy. As we recover from the Covid-19 crisis the UK will need to rebalance away from consumption toward investment and around £1.5trn in retail assets will make a significant contribution to boosting economic growth. For savers, access to investment is increasingly important in a low interest rate environment - and will be essential if we enter a period of negative interest rates. This market is one full of high-quality firms offering exceptional services and products. ...

To continue reading this article...

Join Professional Adviser for free

  • 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 Your profession

Firm owners 'facing pressure' to make technology decisions

Firm owners 'facing pressure' to make technology decisions

‘AI is framed as something that will change everything’

Sahar Nazir
clock 30 January 2026 • 3 min read
Advisers urged to consider clients' 'trust state' and establish credibility early

Advisers urged to consider clients' 'trust state' and establish credibility early

‘Trust is built in moments of uncertainty, not certainty’

Isabel Baxter
clock 30 January 2026 • 3 min read
Cash ISA allowance cut risks hardening saver/investor divide, advisers warn

Cash ISA allowance cut risks hardening saver/investor divide, advisers warn

Govt policy shift reignites debate around role of cash ISAs

Sahar Nazir
clock 28 January 2026 • 5 min read