'Paying for fly-by-night crooks': PA readers' on the FSCS levy

PA campaigning for change

Hannah Godfrey
clock • 3 min read

Readers of Professional Adviser appear to be united in the belief the Financial Services Compensation Scheme (FSCS) levy should be reformed.

At the end of January Professional Adviser readers were sent a short questionnaire on the FSCS levy - the first edition of the Pro Adviser Poll that also asked for people to vote on PA's Personality of the Year - and were first asked whether they believe they pay too much towards the lifeboat fund and then how, if at all, they would like to see it reformed. We imagine it will come as no surprised to hear the greatest number of respondents feel they pay too much for the FSCS. Earlier in January the lifeboat fund announced it is set to raise its overall levy to £635m for 2020/21, with inte...

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