Advisers welcome FSCS levy bill cut to £213m

The initial maximum levy demand for advisers of £240m, announced in November last year, has been reduced, the lifeboat fund confirmed. Speaking to PA, Scott Gallacher, Chartered financial planner at Rowley Turton, said: "I'm delighted to see our regulatory costs coming down for a change. Even financial advisers aren't immune to the cost of living crisis. We see higher energy bills, staff needing higher wages, and the cost of office equipment and supplies rising. "Consequently, I'm sure we'll welcome a lower FSCS levy to offset some of those higher costs." Keith Churchouse, Chartere...