The Financial Conduct Authority (FCA) has proposed that product providers stump up one-quarter (25%) of the cost of the Financial Services Compensation Scheme (FSCS) to intermediaries.
In a consultation paper published this morning, the regulator proposed product providers should be paying into the scheme from the first pound, at a 25% provider/75% intermediary allocation. Product...
Joe McDonnell joins as head of portfolio solutions (EMEA)
Latest edition of the print magazine online
Latest news and analysis
253 deals in 2018
Changing fund structure