Investment advice FSCS levy up 400%

However, those firms active in the life and pensions advice business will see their levies fall by around 40% as mortgage endowment claims continue to fall. Overall levies for non-deposit taking financial services firms will rise by more than a third to pay for the effects of a number of predicted costs for the FSCS. Total costs will increase by almost 2,000%, though the FSA says 75% of the increased costs will be paid for by deposit-taking firms such as banks and building societies. Following the collapse of Bradford & Bingley, Kaupthing Singer & Friedlander, Icesave, London Scottish...