James Hay says Rowanmoor's FSCS levy easier to absorb

James Hay Partnership announced today it will not pass on its £940,000 FSCS levy to clients, after last month writing to customers saying it may have to share the charge. At the time of James Hay's original announcement, Rowanmoor announced it would not pass on the FSCS levy to clients. However, James Hay says this pledge was a lot easier for Rowanmoor to make due to the lower level of its bill. Managing director of James Hay Tim Sargisson says Rowanmoor is likely to have had a much smaller levy and would have found it easier to absorb the costs. "On the basis that James Hay sold i...