"One of the points they raise is that actually explaining the coverage of the compensation scheme to consumers in its current guise is challenging. How could advisers translate these sorts of filters? You might be eligible for compensation or you might not be. It depends how much money you've got. I can't imagine that going down too well with consumers."
To listen to the full podcast click play on the player above. FTAdviser's podcasts are also available on Apple Podcasts, Spotify, Stitcher and Acast.