Can Stevie Wonder's 1972 classic Superstition bring clarity to the FSCS funding debate? Tim Sargisson thinks so...
The debate over reforming the Financial Services Compensation Scheme (FSCS) rumbles on and there is some encouragement in that the regulator is planning to review the scheme’s funding model after the Financial Advice Market Review (FAMR), which is set to be completed before the Budget next year. At a Treasury Committee meeting with MPs last week, Financial Conduct Authority (FCA) chairman John Griffith-Jones said this review will consider whether the current model was fair to advisers, which on the face of it is good news. The popular option among many in the industry remains the intr...
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