Three years in a row: Advisers face £240m FSCS levy demand again

An industry 'badly let down' - PIMFA

clock • 2 min read
"We will continue to keep the industry updated on our assumptions and latest forecasts as events play out" - FSCS chief Caroline Rainbird.
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"We will continue to keep the industry updated on our assumptions and latest forecasts as events play out" - FSCS chief Caroline Rainbird.

Financial advisers can expect a £240m regulatory bill for the next financial year once again as the FSCS has forecasted an overall levy of £900m for 2022/23 in its November outlook.

As for the current levy, the Financial Services Compensation Scheme (FSCS) has cut its 2021/22 fundraising to an overall figure of £717m, lower than the £833m levy announced in May, the body revealed....

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