Treasury Taskforce News Today

Treasury Taskforce to address FSCS levy concerns and work with FCA Plus online scams The Taskforce said the industry will work with the regulatory to address concerns surrounding the FSCS levy, which has caused frustration amongst financial service professionals due to its price consistently increasing. The Treasury’s Asset Management Taskforce has said the financial services sector will work with the Financial Conduct Authority (FCA) to address Financial Services Compensation Scheme (FSCS) ...

The latest levy announced by the Financial Services Compensation Scheme has been met with anger by the Association of Mortgage Intermediaries. The FSCS has forecast a levy of £1.04bn for its 2021/22 budget, to be confirmed in May, mainly because of an expected rise in compensation payouts in the pension advice and