FSCS demands extra £24m levy due to rising SIPP claims
SIPP-related claims continue to grow
Industry faces additional FSCS levy linked to SIPPs
The Financial Services Compensation Scheme (FSCS) has issued an additional £24m levy demand due to rising numbers of self-invested personal pensions (SIPP) claims.
In an update released this morning, the body said "the supplementary levy arises from continuing growth in volume of SIPP-related claims falling on life and pension advisers". In April, it forecast...
More on Regulation
Pension transfer market maintains performance during lockdown - Origo
Around half a day difference
Ombudsman warns Work and Pensions Committee over Covid-19 scams 'inundation'
£5m lost to fraud between February and June
Karl Dines: Be a CIP superhero
'PROD should be in the engine room'
Structured products 'an accident waiting to happen' for many retirees - 7IM
Chanced products are 'underwater'
Back to Top
More news
Alistair Ward: Has pre-funding ever been more important?
'Reduce stress levels all round'
Schroders Personal Wealth launches first range of funds
Six risk-rated, multi-asset portfolios
Adviser exits over Covid-19 could dwarf RDR figures - CoreData
Fifth of advisers predict mass-exodus
Pension transfer market maintains performance during lockdown - Origo
Around half a day difference
