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PIMFA states FSCS levy forecast of £1bn compensation bill is a scandal

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Published on: 25 January 2021
Published by LNB News

LNB News 25/01/2021

Document Information

Issue Date: 25 January 2021

Published Date: 25 January 2021

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

The Personal Investment Management & Financial Advice Association (PIMFA) has issued a press release stating that the Financial Services Compensation Scheme (FSCS) levy forecast of a £1bn compensation bill is a scandal that shows regulation is failing both consumers and firms. PIMFA added that reform is needed.

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Jurisdiction(s):
England, Northern Ireland, Scotland and Wales

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