Thursday, 26 April 2012

Campaign : 'Fairer Financial Services Compensation Scheme received 1,421 signatures yesterday...'

FSA - 6th Survey of the FSA's regulatory Performace 2011.pdf Download this file An open letter and petition to FSA chief executive Hector Sants and Treasury financial secretary Mark Hoban generated 678 signatures calling for urgent reform of the FSCS funding model.

Yesterday’s date was chosen for the lobbying effort as Informed Choice says this is the day most interim levies are paid.

Bamford says: “Today I will be writing to Mark Hoban with a copy of the petition and all 1,421 signatures. I will also write to Hector Sants at the FSA and Mark Neale at the FSCS, to ensure they are aware of the strength of feeling over this issue.”

Investment advisers have been hit with a £60m interim FSCS levy for 2011/12, to cover the cost of firm collapses including MF Global Keydata, CF Arch cru and Wills and Co.

The campaign is calling for better categorisation of firms within the FSCS funding model.....'


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