Editorial: Boxed in by the climbing FSCS levy

According to figures from the FSCS, IFAs in the A12 and A13 block pay around 57.47% of the compensation fund levy, the majoroty of which - around 90 - is paid by advisers in the A13 category. This, unsurprisingly, has not gone down well with smaller IFA firms, in particular, who face increasing costs for PI cover, as well as slightly higher FSA and FOS fees. The issue is not the general paying of levies – although there will always be individuals who do not see why they should pay - but why successful and financially sound IFA businesses are required to pay compensation costs of those...