Final 2020/21 FSCS levy rises £16m for advisers

£14m rise overall

Hannah Godfrey
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Caroline Rainbird: "Whilst it is too early to say how many LCF customers will be eligible for compensation, for the purpose of the levy we have estimated an amount of £44m."
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Caroline Rainbird: "Whilst it is too early to say how many LCF customers will be eligible for compensation, for the purpose of the levy we have estimated an amount of £44m."

The final Financial Services Compensation Scheme (FSCS) levy for 2020/21 has risen by £16m for advisers to £229m.

In a market update issued on Thursday morning (21 May), the lifeboat fund announced it would levy firms £649m in 2020/21, £14m more than was forecast in its plan and budget that was published mid-January...

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