FSCS ups final levy for 2019/20 by £16m to £532m

Advisers to pay £153m

Julian Marr
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“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
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“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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