Pointing the finger

anonymous-silhouette

What exactly does the FSA do to warrant all the cash it takes from brokers and tax payers? Our anonymous columnist would love to find out

For the first time in my life I have asked for an article to be published anonymously. Why? I have little faith in any form of ‘fair play’ from our lords and masters at the Financial Services Authority (FSA) and indeed would not want to embarrass the various companies I represent – especially in the Gestapo-esque atmosphere which currently pervades the financial services sector.

The last few weeks have thrown up some interesting articles which merely go to support my contention that the FSA has

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FSCS gives first insight on increasing levy to £394m

The Financial Services Compensation Scheme has indicated its levy for 2025/26 will rise to £394m from £265m this financial year as it cited having lower surpluses to carry forward and offset bills – a factor that has benefited brokers for two years in a row.

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