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) levy issues.
The meeting, held on Wednesday (20 January), was attended by the City Minister John Glen MP, FCA personnel and 10 industry representatives. Members of the taskforce include Investment Association Chair Keith Skeoch, ShareAction chief executive Catherine Howarth, Investment Association director for stewardship and corporate government Andrew Ninian, Vanguard Asset Management managing director for Europe Sean Hagerty and JP Morgan investment specialist Jennifer Wu. The Taskforce said the industry will work with the regulatory to address concerns surrounding the FSCS levy, which has cau...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes