Increased FSCS bill would be pure theft : Adviser writes to MP over LCF saga
FCA incompetent, but Bailey not to blame
Liversidge said that since LCF’s collapse in 2015, blame and ordure has been heaped onto the regulator, particularly onto ex-FCA chief executive onto Andrew Bailey.
Adviser Neil Liversidge has written to Treasury Select Committee Chairman Mel Stride MP to say that the financial services industry should not pay for the damage cause by the collapse of London Capital & Finance (LCF).
In the letter, sent on Tuesday (9 February) and seen by Professional Adviser, the West Riding Personal Financial Solutions managing director said that if the burden falls onto the Financial Conduct Authority.