A petition is demanding soon-to-be acting head of the Financial Conduct Authority (FCA) Tracey McDermott enact an independent review of advice firm regulation, after an IFA was forced to pay a 320% increase in his Financial Services Compensation Scheme (FSCS) levy.
Paul Beasley, managing director of the Richmond House Group which has offices in Stevenage and Milton Keynes, started the petition two days ago to vent his "outrage" at receiving his latest FCA fee invoice...
Joined as head of strategy, multi asset, in June
Group income protection
Nine in 10 do not have income protection
Set to become part of Single Financial Guidance Body