Sector Regulation Sector Regulation

Insurance may solve soaring UK financial-services compensation costs, FCA chief says

By Fiona Maxwell
  • 04 Nov 2020 11:38
  • 04 Nov 2020 11:38

Regulated financial-services companies may have to take out insurance to cover against their failure as increasing costs burden well-behaved companies, the chief executive of the UK's Financial Conduct Authority said today.

The Financial Services Compensation Scheme, or FSCS — the preferred way for customers to receive payments if their financial-services firm or adviser

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