FSCS management expenses set at £14.6m for advisers amid value for money concerns

Management costs reduced 2.5%

Carmen Reichman
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FSCS management expenses set at £14.6m for advisers amid value for money concerns

Advisers will contribute £14.6m to the Financial Services Compensation Scheme's (FSCS) running costs, the regulator has confirmed.

The FSCS has set its management expenses levy at £72.7m for its 2016/17 accounting year, after reducing its running costs by 2.5% over the preceding period. The levy is made up of a £67.4m management...

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