Jupiter hit with £5m FSCS levy bill

The group, which reported profits before tax had risen from £7.2m in 2009 to £42.4m last year, said it had been forced to shell out £5.2m to pay its second FSCS interim levy for 2010/2011. Fund managers were hit with a £233m levy in total and the IMA is now considering bringing a judicial review on behalf of its members. Jupiter said: "The FSCS announced on 20 January 2011 that a second interim levy for 2010/11 would be imposed on the industry for the costs of major investment failures such as Keydata Investment Services Limited. "The cost to the Group is £5.2m and the full amount ...