City minister Glen: More work to be done on FSCS levy
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City minister Glen: More work to be done on FSCS levy

Rachel Dalton
13 May 2021
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City of London. London's panorama at sun set.

City Minister and Economic Secretary to the Treasury John Glen has conceded that Financial Services Compensation Scheme (FSCS) requires reform.

Speaking at the British Insurance Brokers Association (Biba) virtual conference yesterday, Glen acknowledged issues with the scheme, including “these different pools of money, who contributes to them, what they fund and how coherent they are”.

Biba

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