Investment advisers hit with additional £7m FSCS levy bill

Investment advisers will see their section of the levy rise from an initial projection of £105m to £112m for the year. That total includes the cost of Catalyst claims after FSCS deferred a potential interim levy of £30m in 2013-2014. Those working in home finance intermediation will also see their FSCS levy increase. Fund managers can expect a rebate, it said, as a result of successful recoveries relating to the failure of Keydata. The organisation said its final overall levy would be £276m, down from the projected £313m in the FSCS Plan and Budget released in January. It added ...