The Financial Conduct Authority (FCA) and PIMFA are encouraging advisers to whistleblow on "bad behaviour" within the profession in order to bring down the cost of the FSCS levy.
The maximum pay-out on pension and investment advice from the Financial Service Compensation Scheme (FSCS) is set to rise from £50,000 to £85,000 from April 2019. Advisers have long criticised the current...
£300bn of liabilities
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Transfer from occupational scheme
Appointed by FCA and PSR boards