Charles Stanley laments 'unfair' FSCS after £1.9m bill

In its final results for the year to 31 March 2013, the group said adjusted profit before tax stood at £13.5m, up from £12.5m in 2011-12. That prompted the group to raise its total dividend for the year to 11.75p, a 4.4% increase. Adjusted profits excluded the cost of setting up the Charles Stanley Direct service and a FSCS bill of £1.9m that chairman David Howard said remains a "huge burden" for the industry as whole. "There is little more that I can add to previous complaints about the unfairness of the Financial Services Compensation Scheme. "In 2011-12 our bill was £1.6m, an...