Davy says providers should fund FSCS levy
06 Jan 2016
Product providers should fund the Financial Services Compensation Scheme (FSCS) levy, according to Ken Davy.
The chairman of support services provider SimplyBiz and the founder of the network concept made the call as part of SimplyBiz’s response to the Financial Advice Market Review, which was submitted in December before the consultation closed on 22 December.
The Financial Advice Market Review was launched to look at ways to improve access to advice for the mass market.
Mr Davy said: “I would like to see a radical change to the funding of the FSCS levy. This review is an opportunity to revisit the funding arrangement and the Financial Conduct Authority has already said that it would review the FSCS levy.