FSCS levy forecast at £363m as 'risky' SIPP investments fuel claims

The body said it would collect £80m from life and pensions intermediaries due to the predicted rise in SIPP claims. The bill for investment intermediaries, based a three year average, was set at £108m which is slightly down on 2015/16. The body said this reflected the continuing expectation of demands on the FSCS for claims made on this sector. It said the overall levy of £363m included lowered management costs which had fallen by almost £2m. It added the body had undergone internal organisational changes "that aim to improve the customer experience". Today's total forecast figure...