The Association of Professional Financial Advisers (APFA) has today warned that the proposed new way of calculating compensation costs by the Financial Services Compensation Scheme (FSCS) could make levies more volatile and leave firms out of pocket....
Advisers could face a higher levy from the Financial Services Compensation Scheme (FSCS) under proposals for a new funding model.
The Financial Services Compensation Scheme (FSCS) could receive an upper limit of 66,700 new claims in 2013/14.
The Financial Services Authority (FSA) has said it remains ‘unconvinced' about the idea of replacing the current Financial Services Compensation Scheme (FSCS) funding model with product levies, despite arguments it could create a fairer system.
The Financial Services Authority (FSA) has set out proposed changes to the funding of the Financial Services Compensation Scheme (FSCS).
The Association of Independent Financial Advisers (AIFA) has set out plans to the Treasury on how regulatory fines could be used to transition the Financial Services Compensation Scheme (FSCS) to a pre-funded system.
The Association of Independent Financial Advisers (AIFA) is urging the Chancellor to reconsider plans to direct regulatory fines to government coffers.
The chairman of the Financial Services Authority (FSA) has defended the current system of regulatory fees and levies for small firms, arguing they are proportionate to the size of the firm.