Advisers to be levied £240m again as FSCS announces £1bn overall levy
'Cannot normalise this level of loss'

Financial advisers can expect a significant regulatory levy bill once again for the next financial year as the Financial Services Compensation Scheme (FSCS) has predicted an overall levy forecast of £1bn for the first time.
In its budget for 2021/22, the FSCS has predicted a bill of £361m for financial advisers' funding class - also known as the life distribution and investment intermediation class (LDII) - to pay for the...
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