Article preview: One of the many benefits of working with an authorised and regulated financial services firm is access to the Financial Services Compensation Scheme (FSCS), in the event of the firm being unable to meet its financial obligations. The FSCS was established by the government, but it is entirely funded by a levy on regulated firms. Each year, we find out how much the FSCS is budgeting to meet expected compensation costs. The latest FSCS annual budget is eye-watering and indicative of wider regulatory failure.
Out-of-control compensation funding
This 576-word blog post considers the latest funding requirements of the Financial Services Compensation Scheme (FSCS). Written on 22nd January 2021.
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