FSA wants income updates for new FSCS levies

The regulator says as some firms have been allocated different classes or sub-classes under the FSCS changes, it may need income updates to set new tariffs. The FSA published details of the changes on 14 November, which saw some firms allocated to both the life & pensions and investment mediation sub-classes. Although the regulator says most firms will be exempt from providing the extra information – as they were not re-allocated - others will need to submit details by 30 November. The FSA says it is in the process of contacting these firms directly, asking them to complete a form indica...