Product providers could be forced to cough up 25% of the Financial Services Compensation Scheme (FSCS) costs currently paid by intermediaries, according to a consultation document released Monday.
The UK’s Financial Services Compensation Scheme (FSCS) is the latest body to warn consumers that scammers are using its reputation in a bid to defraud them.
The FSCS levy and understanding the value of advice will be the first IMFA projects, with chief Liz Field admitting she does not yet know the figures in the overlap between WMA and APFA members.
The Financial Services Compensation Scheme (FSCS) is raising its investment intermediary levy for the 2017/18 year by £4m in spite of an overall budget cut.
Financial product providers should shoulder a greater share of the burden of paying for the Financial Services Consumer Scheme (FSCS), according to Aegon.
The UK regulator has proposed changing the financial compensation scheme to make riskier, so-called ‘polluter’ firms pay higher levies.
The UK’s Financial Services Compensation Scheme (FSCS) has warned it may impose an interim levy on life and pension advisers over the increasing number of claims related to self-invested personal pension schemes (Sipps).
More than three quarters of advisers in the UK support the introduction of a risk-based Financial Services Compensation Scheme (FSCS) levy, according to a new survey from platform provider AJ Bell.
Paul Richards and Giles Hutson have launched Insignis Asset Management in a bid to capitalise on what they see as a growing demand for simplified and straightforward cash management in the UK.
Hargreaves Lansdown sustained a drop in net inflows in the four months leading up to April 2016, despite seeing a 3% increase in the value of assets held by its Vantage service and an expanding client base.
Firms authorised by the UK’s Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) will have to collectively pay £363m ($518m, €475m) to fund the Financial Services Compensation Scheme (FSCS) in 2016/17, an increase of 13.1% from £319m in 2015/16.
Despite announcing plans to dip its toes into the non-advised space, shares in Hargreaves Lansdown fell around 4% in morning trade on Wednesday, largely in response to it highlighting the significant increase in its Financial Services Contribution Scheme levy payment.
