Mark Till, Chief Distribution and Marketing officer at Aegon, said:
“The FSCS levies are clearly an area of concern amongst intermediaries and there’s a real strength of feeling coming through.
“With Sipp claims last year resulting in £77m of compensation payments, in part due to investments in unregulated collective investment schemes, it’s no wonder there are strong calls for risk based levies.
“The FCA consultation is a real opportunity to improve the sustainability of the intermediary sector, one of the aims of the Financial Advice Market Review.”
