Financial Conduct Authority (FCA) chief executive Andrew Bailey has confirmed the introduction of a product levy will be considered as part of the regulator's upcoming consultation on the funding of the Financial Services Compensation Scheme (FSCS).
In a letter to Treasury Select Committee chairman Andrew Tyrie (pictured), Bailey said one course of action under consideration was "the possibility of risk-based levies related to the products or services...
Ceremony on 29 November
Robo-advisers manage £1.7bn in total
Closing in 2020
Second of five videos with Cazenove Capital’s DFM team