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. ...
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