FSCS ups final levy for 2019/20 by £16m to £532m
Advisers to pay £153m
“Promotion and prevention are the counterparts of our continuing and undiminished commitment to be prepared for failures when they occur" - the FSCS's Mark Neale
The FSCS is to levy firms £532m this year - £16m more than it forecast in its 2019/20 Plan and Budget in January - although the levy required for life, pensions and investment advice has reduced by £29m to £211m.
Announcing its final levy for 2019/20, the Financial Services Compensation Scheme (FSCS) said the main reasons for the increase between the figure forecast in January and the final one were an uplift in...
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