Tom Ellis: MPs give us hope for FSCS levy progress but the FCA whisks it away
Nikhil Rathi grilled by MPs
Professional Adviser editor Tom Ellis
The simple fact the Treasury Select Committee thought rising FSCS levy costs for advisers were important enough to raise the issue with the FCA chief is an encouraging sign, writes Professional Adviser editor Tom Ellis, but the regulator is keen to smother any hope with a damp cloth.
The FCA chief executive Nikhil Rathi's (virtual) visit to Parliament on Wednesday was labelled as an "accountability" hearing. In essence, then, the MPs of the Treasury Select Committee were simply...
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