The 25% contribution providers will now have to pay towards advisers' Financial Services Compensation Scheme (FSCS) bill "does not reflect the realities of adviser failure," according to the ABI.
This morning the Financial Conduct Authority (FCA) confirmed providers would be required to contribute 25% of life and pensions and investment intermediaries' FSCS levies. The Association of British...
Partner Insight: Introducing the Architas education series for clients.
'Fewer than 1% of firms PROD-compliant' - Rory Percival
'Left holding the can'
'VCTs and EIS compared' panel
Letter to Women and Equalities Committee