Brewin hit with £6m FSCS levy

The announcement comes as adviser firms have also been hit with a huge increase in their FSCS bill to pay for the cost of major investment failures, including those relating to Keydata and Wills & Co. Brewin also reported a strong trading period for the quarter (14 weeks) to 31 December 2010 with income up 15.9% to £65.9m compared to the same period the previous year. Investment management commission at £25.3m was only up £0.8m on the previous year, reflecting low activity over the Christmas period. However, investment management fees rose £6.4m to £26.5m. Growth in discretionary...