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.

PIMFA, the wealth management and financial advice trade association, has voiced concerns about plans to increase the maximum compensation the Financial Ombudsman Service can demand a financial services firm pays out to £350,000. 

The government must invest more to educate consumers about long-term saving and investment if it wants the population to retire comfortably, the Wealth Management Association (WMA) has warned. Read more...

The Government would be sending out an anti-saving message if it decides to scrap pension tax breaks for high earners, the Wealth Management Association says. Read more...