110 businesses to pay three-fifths of FSCS levy in 2019/20
Indicative numbers
FSCS CEO Caroline Rainbird said the lifeboat fund recognised its levy could be “a significant and unwelcome expense for many firms" and so did not take it for granted
110 firms out of the 46,000 businesses slated to pay the FSCS levy this year will shoulder three-fifths of the entire bill, according to indicative numbers published by the lifeboat fund.
Illustrating how its levy would be distributed across businesses in the 2019/20 financial year, the Financial Services Compensation Scheme (FSCS) said the top 110 firms, which make up 0.2% of the total...
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