'Platforms should contribute to FSCS levy' - Ken Davy

If both platforms and product providers contributed to the funding of the FSCS, the SimplyBiz Group chairman argued, it would give them a "significant" incentive to monitor and whistle-blow on those who are suspected of acting against consumers' interests. He suggested this could be done through a central Association of British Insurers facility. He added: "By definition, the FSCS is picking up the liabilities of failed intermediary firms - therefore those firms that fail do not contribute to the liabilities they create. "This places virtually the entire cost on the remaining intermed...