Financial Services Compensation Scheme  

FSCS to work with Pimfa on levy cost

Last week, FTAdviser reported on the incoming phase two of the Treasury review into regulated financial services in the UK.

Following its 2019 consultation paper: Financial Services Future: Regulatory Framework Review, the Treasury's review will look into aspects such as checks and balances on the regulator, and how the FCA interacts with the Treasury.

At the time, industry commentators called this an "opportunity" for the UK to create a regulated financial services market that worked for the UK.

Rob Sinclair, chief executive of the Association of Mortgage Intermediaries, told FTAdviser: "It is fundamental that whatever solution we produce out of the back end of this, it has to work for every aspect of the advice marketplace, and we have to work together to deliver that outcome."