PIMFA calls for ‘urgent’ FSCS review over new £69m levy

PIMFA, which represents around 1,000 UK wealth managers and financial advisers, has called for an “urgent review” of the FSCS following yesterday’s announcement of an interim levy.

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FSCS reveals £69m deficit will lead to levy

An extra £69m Financial Services Compensation Scheme (FSCS) bill will have to be footed by the retail pool as a result of pension transfer-related claims.

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FSCS reveals strategy to cut compensation costs

The Financial Services Compensation Scheme (FSCS) has revealed its strategy to slash compensation costs over the next five years.

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Mark Neale to step down as FSCS CEO

Mark Neale, chief executive of the Financial Services Compensation Scheme (FSCS), will step down on 3 May 2019 after nine years in the role.

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