Pension review levy to end next year, says Fscs

The Fscs’s Annual Report says claims about the pension review are coming to an end and, as a result, the scheme expects the 2006/07 levy of £25m will be the last for this contribution group. Heather Tilston, head of communications at the Fscs, states: “The pensions review is coming to an end because it has gone on for some time. The regulator and most firms have finished their reviews and there are very few claims left. We anticipate it will be the last levy for this group, but obviously if there are any significant claims we will have to fund them.” During the year 2,250 new pensions...