FSCS levy increases up to £375%

However, what exactly each intermediary firm is not yet clear, as there could be different rates of FSCS levy according to whether the RI is a network member, paid into the pension review, began work after the pension review, and conducted “non-pension review” business. Details of the FSA’s sample fees invoice reveal the FSA and FOS levies increase a fraction, however, the new FSCS levy will rise from £149 for a single Registered Individual (RI) to £708 next year – a leap of 375%, and from £1402 for a firm with 10 RIs last year to £6988 this year. One invoice received by an IFA, for e...