PASS offers to lighten FSCS levy

Peter Hales, chairman of Pension Advisers Support Systems (PASS) has released a statement this afternoon acknowledging IFAs have had trouble meeting their contributions to the Financial Services Compensation Scheme. As a result, the industry has agreed to contribute an extra £1.5m on top of the £3m already pledged, says Hales. “IFAs have faced a significant hike in their FSCS Levy this year so providers have decided in view of this financial challenge on a one-off extension of support in recognition of the difficulties faced by the minority. “ Since the FSCS was launched three years...