FCA chief: No immediate plans to reduce FSCS levy for advisers

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FCA chief Nikhil Rathi: "The focus that we have is on preventing these situations arising and working to make sure that we try and catch these issues earlier.”
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FCA chief Nikhil Rathi: "The focus that we have is on preventing these situations arising and working to make sure that we try and catch these issues earlier.”

There are no immediate plans to reduce the controversial Financial Services Compensation Scheme (FSCS) levy, according to the Financial Conduct Authority (FCA). Speaking at a Treasury Select Committee meeting in parliament, chief executive of the FCA Nikhil Rathi told MPs: "I do not think it would be realistic for me to come here and give a commitment that the levy will diminish in the next 12 to 18 months." He said that the measures being taken by the FCA to reduce failures, including ...

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