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...
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