FSA: decision on broker funding of FOS and FSCS
The Financial Services Authority has finally published its proposals on how brokers will fund the Financial Ombudsman Service and the Financial Services Compensation Scheme. To download the full document go to http://www.fsa.gov.uk/pubs/cp/cp04_04.pdf
The proposals extend existing funding arrangements for FOS and FSCS to mortgage firms and general insurance intermediaries and are based on the FSA's approach to setting fees for these sectors.In
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