Advisers to be levied £240m again as FSCS announces £1bn overall levy

'Cannot normalise this level of loss'

Firms can expect to receive their invoices in February this year and the 1,000 largest regulatory levy free payers will be invoiced in March.
Firms can expect to receive their invoices in February this year and the 1,000 largest regulatory levy free payers will be invoiced in March.
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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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