FSCS rethinks how to raise funds across the Finance Industry
In his latest industry blog, Financial Services Compensation Scheme chief executive Mark Neale stated that the Financial Advice Market Review final report has given his organisation “plenty to get our teeth into”.
“The trouble is that failures, when they do occur, can be very expensive, and continuing consumer confidence and trust in the industry depends on FSCS protection.”
He pointed out that since 2009 to 2010, the FSCS has paid out £1.5bn for claims against advisers.