Advisers have hit out at the FSCS for its unfair fees in the past, but after the recent levy hike there was an eerie silence from some...
It would seem most advisers are taking the latest Financial Services Compensation Scheme (FSCS) levy increase 'on the chin'. In its latest budget consultation for the coming levy year, the FSCS proposed a levy hike on investment advisers and life and pension intermediaries of 34% and 208% respectively. Investment advisers will next year pay £105m, while life and pensions advisers will have to foot a bill of £40m. These are considerable developments, yet some advisers seem quietly acquiesced to the increases. Granted, taking into consideration the £30m interim levy that will be ...
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