SimplyBiz chairman Ken Davy has called the Financial Services Compensation Scheme's (FSCS) current funding scheme "a grotesque injustice" and said a product levy is the "fairest option" to replace it.
Writing to the Financial Conduct Authority's (FCA) FSCS review team in a paper entitled Funding the Financial Services Compensation Scheme, Davy (pictured) has highlighted three aims he believes the FSCS...
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