Smaller advice firms are more troubled by the current funding system for the Financial Services Compensation Scheme (FSCS) than their larger counterparts, according to Aviva's annual adviser survey.
Aviva included some bespoke questions on behalf of Professional Adviser in its yearly barometer of adviser sentiment, one of which sought to gauge how important the Financial Conduct Authority's consultation on the current FSCS funding system is to each participant and their respective clients. Almost two-fifths (39%) of advisers who worked as a sole practitioner rated the issue as 'very important' while almost half (45%) of advisers who worked in a firm with two to five people and just over a third (36%) of advisers at a firm of six to 10 people felt the same way. On the other hand, ...
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