PIMFA has called for an "urgent review" of the Financial Services Compensation Scheme (FSCS) following today's revelation a multi-million pound supplementary levy is set to be introduced.
This morning (28 November), the FSCS revealed the lifeboat fund expected to see a deficit of close to £70m by the end of the year, and has forecast an additional levy of £69m to make it up. FSCS chief...
£300bn of liabilities
View from the front row
Transfer from occupational scheme
Appointed by FCA and PSR boards