Investment adviser levies to rise 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 Financial Services Compensation Scheme (FSCS). Total costs will increase by almost 2,000%, though 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 & Friedlande...