The Personal Investment Management & Financial Advice Association's (PIMFA) latest report FCA Supervision - fit for purpose?, published this Monday, slammed the regulator for not properly supervising some firms linked to FSCS claims. "PIMFA recognises that the FSCS provides a valuable safety net for retail clients and enhances consumer confidence when engaging with financial services firms. Member firms are of the view that a number of material claims on FSCS are attributable to an ongoing failure of FCA's supervisory regime." While PIMFA said it did not advocate a no-default supervis...
To continue reading this article...
Join International Investment
Join International Investment today
Unlock members-only benefits:
- Unlimited access to real-time news, industry insights, video features and market intelligence
- Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
- Receive breaking news stories straight to your inbox in the daily newsletters
- Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
- Members-only access to the Editor’s weekly news roundup newsletter
- Members-only access to analysis via our exclusive industry polls
- Be the first to hear about our events and awards programmes