PIMFA calls for 'urgent review' of FSCS following £69m extra levy

£405m levy total

Liz Field: “We know the levy is complicated, but the industry needs to work with the FSCS on a model that works for firms."
Liz Field: “We know the levy is complicated, but the industry needs to work with the FSCS on a model that works for firms."
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PIMFA has called for an "urgent review" of the Financial Services Compensation Scheme (FSCS) following today's revelation a multi-million pound supplementary levy is set to be introduced.

This morning (28 November), the FSCS revealed the lifeboat fund expected to see a deficit of close to £70m by the end of the year, and has forecast an additional levy of £69m to make it up. FSCS chief...

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