Providers will be required to contribute 25% of financial advisers' Financial Services Compensation Scheme (FSCS) bills despite their protestations, the Financial Conduct Authority (FCA) has confirmed.
The FCA said respondents were generally supportive of the proposals it laid out last October, although it acknowledged the "vast majority" of product providers and their representative bodies "strongly...
Lisa used as 'top-up'
Two FCA consultation papers
UK's poorest retirees most affected
'5% no longer the norm'