FSCS reveals £4m spend on communications and advertising after increasing advisers' levy

Earlier this week, a paid-for FSCS advertisement circulated Twitter, encouraging customers to consider if they were eligible for compensation.  The lifeboat fund told PA it expected to spend £4m on 'communications', which includes advertising, for 2019/20 (ending in April) and £3.8m for 2020/21. However, it would not disclose the exact amount it had spent on advertising so far in the current financial year and said it would not have a final amount spent until April.  This revelation comes after the FSCS sent out an interim levy invoice for 2019/20, which required advisers to pay an ex...