FCA outlines PI threat in FSCS review

review

The Financial Conduct Authority (FCA) has updated the market on its review of the Financial Services Compensation (FSCS) scheme.

The regulator stated that its plans to change funding classes and the FSCS compensation limits - to £85,000 for certain investment, finance and debt issues - were “supported” in its consultation.

Its plan to move pure protection intermediation from the Life and Pensions Intermediation funding class to the General Insurance Distribution funding class was also

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