The Personal Finance Society (PFS) has called for a complete overhaul of the Financial Services Compensation Scheme's (FSCS) funding to solve the profession's "over-reliance" on professional indemnity (PI) insurance.
The professional body's chief executive Keith Richards said the lifeboat fund was designed at a different point in time and has become "unfit for purpose". "Well-intentioned as it is… [the FSCS] has...
Two-thirds cannot evidence compliance
'Elaborate breach of trust'
'How to buy protection insurance'
As this year has proved
European markets down after Brexit news