FSCS cuts £1bn levy demand to £833m
Still £133m higher than last year
Caroline Rainbird: "While it may be welcome news to see a lower forecast than announced in January, we do not call this a successful outcome or 'good news'."
The Financial Services Compensation Scheme (FSCS) has reduced its levy demand for 2021/22 by just over £200m to £833m.
It had originally been forecast at £1.04bn for the financial year in the organisation's plan and budget document released in January, a figure described by PIMFA as a "national scandal". The FSCS said...
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