Tim Sargisson: A look back in anger

Beware botched approach to managing conflicts

clock • 4 min read

The Christmas break offers the perfect chance to respond to the FCA's proposals on overhauling the FSCS - and respond the adviser community must, says Tim Sargisson, to ensure its combined voice is heard on this critical matter

Looking back on the various blogs and that I have penned in 2016, one topic has grabbed headlines throughout the year and that is the continuing iniquities inherent in the Financial Services Compensation Scheme (FSCS). The scale of the threat posed by the FSCS is laid bare by the eye-watering sums involved, where the scheme paid out £271m in the year to the end of March and received more than 46,000 new claims. It is the sharp rise in levies that has provoked the ire of the advice community and which poses the greatest threat, together with the fact that while the FSCS should be a las...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Wren Sterling adds £265m in client assets in latest deal

Wren Sterling adds £265m in client assets in latest deal

First advisory firm purchase of 2024 for national financial planner

Jenna Brown
clock 28 March 2024 • 1 min read
Consumer Duty Alliance looks to attract advice industry talent

Consumer Duty Alliance looks to attract advice industry talent

New Talent Alliance will be chaired by M&G Wealth Advice MD Tom Hegarty

Isabel Baxter
clock 27 March 2024 • 2 min read
PA Working Lunches: Register today to hear from SimplyBiz

PA Working Lunches: Register today to hear from SimplyBiz

Join us for an informative session worth one hour of CPD

Professional Adviser
clock 27 March 2024 • 1 min read