FSCS: £300m in recoveries reduces industry levy burden
'Unsung' part of FSCS work
"Recoveries will play an essential role in our new strategy for the 2020s" - the FSCS's Mark Neale
The Financial Services Compensation Scheme (FSCS) has recovered almost £300m from failed financial firms over the past five years, which it said would reduced the levy burden on the firms that fund the scheme.
In order to reduce the costs of compensation for its levy payers, the FSCS seeks to recover amounts of compensation it has paid out from any party that it considers has a legal responsibility. As part...
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![Rory Pervical: "[What the FCA has] said about DB transfers you as firms should think about how you apply those more broadly across the retirement planning piece."](/api/v1/wps/54eb332/982c284a-f116-498d-9f44-98218aa37de3/4/rory-percival-new-230x142.jpg "Rory Pervical: \"[What the FCA has] said about DB transfers you as firms should think about how you apply those more broadly across the retirement planning piece.\"")
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