FSCS lowers 2025/26 levy prediction to £356m

The total is £38m lower than the indicative forecast it shared in its November's Outlook. It explained that n 2024/25 the FSCS successfully recovered more than £56m, "which was higher than initially forecast. These recoveries have directly helped to reduce the levy". The FSCS said it expected to pay £332m in compensation to customers during 2025/26, £36m lower than previously forecast. It said the movement between its November forecast and the confirmed levy amount "is, in the main, due to lower compensation costs now forecast in the Life Distribution & Investment Intermediation cl...