FSCS refuses to rule out further Keydata levy

An FSCS spokesperson said the scheme is currently balancing the figures to see if more money is needed to cover the cost of compensating investors in the bust firm. The calculations are based on what recoveries the FSCS has secured, the amount it has already raised through levies, any refunds it must pay out as a result of firms resubmitting their eligible income forms, and what compensation needs to be paid. According to the spokesperson, the FSCS will know in June if a further levy will be needed. The FSCS had pledged in March to use the money it receives from the £51m Keydata co...