17th September 2020

Time to do something about the FSCS levy

The Impartial Advisers Association along with “Financial Planners United” are going run a joint campaign and we want you and your firm to get involved. 

Regulation in the UK is notionally “independent” of Government. This allows HM Treasury to blank MPs requesting change or action.  

Recent letter writing campaigns demanding action over FSCS costs have fallen down this rabbit hole. However, there is one Parliamentary body that has oversight and that is the Treasury Select Committee (TSC) which can order enquiries into any aspect of regulation. 

So, we are asking Mel Stride MP, Chairman of the Treasury Select Committee to embark on an enquiry on regulation and its costs. 

The more that MPs ask for this the more likely this is to happen. Select Committee Chairmen are extremely sensitive to backbench pressure.Once you have written to your MP/s please copy us in on office@ifaa.co.uk

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