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Current FSCS funding levels 'unsustainable'
The Financial Conduct Authority has pledged to work alongside Personal Investment Management & Financial Advice Association to help wealth managers and financial advisers stabilise the Financial Services Compensation Scheme (FSCS) by 2025.
The UK regulator said it would work with PIMFA on reducing the levy "burden" on firms between 2025 and 2030, once the FSCS is stabilised. The announcement came on Thursday (11 November), the same day...
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