Advisers welcome FSCS levy bill cut to £213m

'We are not immune to the cost of living crisis'

clock • 3 min read
Advisers welcome FSCS levy bill cut to £213m
Image:

Advisers welcome FSCS levy bill cut to £213m

Advisers have backed news that their share of the Financial Services Compensation Scheme (FSCS) levy will be cut by almost £27m next year to £213.1m.

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 planne...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Regulation

The regulator noted there was broad agreement across the industry regarding the potential harms caused by the growing role of ESG data and rating providers.

FCA sees 'clear rationale' for regulatory oversight of ESG data providers

Mixed feedback on UK green bond standard

James Baxter-Derrington
clock 29 June 2022 • 1 min read
Sub-committee to intervene at consultation paper stage.

Treasury sub-committee launched to scrutinise financial regulators post-Brexit

Additional Financial Services Scrutiny Unit

clock 27 June 2022 • 2 min read
Irish advice firm under investigation by FSCS

Irish advice firm under investigation by FSCS

25 cases upheld by FOS

clock 24 June 2022 • 3 min read