Tom Hegarty: “If we want a thriving advice market that serves consumers, advice businesses, and society as a whole, the funding model needs to be fairer, more transparent, more targeted, and future fit.”

Click below to read the latest Professional Adviser article from our CEO, Tom Hegarty, on why well-run advice firms still shoulder an unfair FSCS burden - and what needs to change. 

For much more than a decade, advisers have warned that the FSCS levy is an unpredictable, uncontrollable cost that hits well-run businesses the hardest.  Despite some recent good news, the fundamental challenge - that the levy's design still socialises the cost of poor conduct across thousands of compliant intermediaries -, remains.  Below, read Tom’s thoughts on why it’s so important to rebuild adviser confidence in the structure, and why should do more as a sector to push for more risk-aligned, polluter-pays funding.

Read the article in full, here https://www.professionaladviser.com/opinion/4523437/run-advice-firms-shoulder-unfair-fscs-burden-change