FSCS: Forecasted levy cut by £15m but advisers are missing out
Pension adviser levy stays same, investment up £4m
The Financial Services Compensation Scheme (FSCS) will levy firms £363m this year, £15m less than it forecasted in its budget in January, however investment advisers will pay £4m more, the service has said.
The cuts came after the service downgraded its forecasted compensation costs from pension-related products such as self-invested personal pensions (SIPP), which were reduced from an initial forecast of...
More on Regulation
Midlands firm fails leaving almost 30 FSCS compensation claims
Lost permissions two years ago
Pull the other one, Mr Regulator, a risk-based FSCS levy is too good to be true
Advisers need to respond to FCA
FCA to end temporarily postponed deadlines for fund reports and accounts
Deadlines had been extended due to Covid-19
Gina Miller slams FCA's 'scandalous' compensation review
'Intellectually dishonest and... contrary to the law'
Chris Davies: The FCA and your financial resilience
Systems, controls, governance and culture
More news
Advisers training to prevent suicide... plus more good news from this week
Good News Bulletin
The Bank of Mum and Dad raid kids' savings during Covid, study shows
An estimated £2.75bn
Morningstar: UK equity funds suffer £2.6bn August outflows
Outflows from UK equity funds gathered pace in August, with £2.6bn of assets being pulled from the market area over the course of the month, according to Morningstar’s latest fund flows report.
Why writing to MPs won't fix the FSCS levy - but writing to the Treasury Select Committee just might
It’s The Pro Adviser Podcast
