The Financial Services Compensation Scheme (FSCS) says it does not expect any major investment failures in the next financial year after setting another interim levy for financial advisers.
The FSCS's investment intermediation sub-class, which includes investment advisers, was yesterday told it will have to pay a £60m levy to cover compensation costs related to the collapses of MF Global, Keydata and Wills & Co.
Invoices are set to come through the post by the end of the month and a 30-day deadline has been set to make the payments.
But, in a rare piece of good news for advisers, it indicated the large interim levies seen in the last few years may not be repeated next year.
It said: "The FSCS is expecting claims against Keydata to start tailing off and it is not expecting any large investment failures in 2012/13.
"However, FSCS does expect to continue to receive stock broking and investment advice claims."
The interim levy is designed to meet relevant compensation costs or management expenses for the period until the annual levy becomes available at the begininng of July.
Although no interim levies are expected to be less than £10m, the FSCS said ot gives "careful thought to amounts upwards to say £20m, especially if the compensation became due close to the end of the financial year".
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