David Worsfold.

The 150-page Financial Services and Markets Bill leaves many issues unresolved, not least the gap left by the scrapping of the Policyholders Protection Board.

Well, that will teach me to tempt fate!


As I warned last month, predicting a long delay in the publication of the
government's legislative proposals for reform of financial services
regulation was a sure-fire recipe for ensuring that the Treasury would
suddenly spring into life. No sooner had the August issue of Professional
Broking landed on people's desks than the Financial Services and Markets
Bill arrived with a mighty thump alongside it.


The 150-page bill contains few surprises, although it

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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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