Gina Miller decries 'unlawful' changes to FCA compensation scheme

Presses for ‘urgent investigation’

James Baxter-Derrington
clock • 1 min read
Gina Miller
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Gina Miller

Gina Miller, co-founder of the True & Fair Campaign, has criticised the Financial Conduct Authority over changes made to its compensation scheme, branding the move as “unlawful”.

Writing ahead of tomorrow's (16 November) deadline for feedback on the Financial Regulators Complaints Commissioner's draft report text on the FCA's proposed reforms to the compensation scheme, Miller reasserted her condemnation of the changes, which she first raised over a year ago. LTAF will require minimum 90-day notice period and lays groundwork for property fund overhaul She described the manner in which the regulator had gone about changing the regulation as "underhand" and "utterly shameful", and argued the body had a duty to investors as per the FSA 2012 regulation. "By set...

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