FCA says lack of proper PI cover places 'unfair' burden on FSCS and firms

Dear CEO letter sent today

Sophie King
clock • 2 min read

The Financial Conduct Authority (FCA) has said the inability for firms to compensate consumers via their professional indemnity insurance is "unfair".

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

Sophie King
Author spotlight

Sophie King

Professional Adviser journalist from 2018-2021

More on UK

Think tanks wary of Reeves' Autumn Budget tax rises and borrowing levels
UK

Think tanks wary of Reeves' Autumn Budget tax rises and borrowing levels

Tax threshold freezes criticised

Patrick Brusnahan
clock 27 November 2025 • 2 min read
Budget 25: The protection and health headlines
UK

Budget 25: The protection and health headlines

NHS, welfare reform, NI and more

Cameron Roberts
clock 27 November 2025 • 2 min read
Industry slams salary sacrifice changes as 'counterintuitive' and 'deeply misguided'
UK

Industry slams salary sacrifice changes as 'counterintuitive' and 'deeply misguided'

Will now be capped

Holly Roach
clock 27 November 2025 • 10 min read
Trustpilot