The Financial Conduct Authority (FCA) has proposed product providers pay additional contributions to the Financial Services Compensation Scheme (FSCS) to ease the cost on advice firms, in a consultation published today.
The regulator said it recognised the burden of funding the FSCS does not currently fall equally on product providers and advisers. Therefore it was looking to introduce product provider contributions...
Putting the tech into protection
Square Mile’s series of informal interviews
Fallout from Haywood suspension
Launching later in 2019
£80bn funds under calculation