The Financial Services Compensation Scheme (FSCS) has forecasted the total levy in 2026/27 at £342m, which represents a small decrease on 2025/26.
In an update from its CEO Martin Beauchamp today (12 November), the FSCS set out that this is based on a forecast of £294m in compensation costs for 2026/27. "These early expectations for 2026/27 reflect the changing claims environment," Beauchamp said. "We currently forecast lower compensation costs in the Investment Provision class, mainly driven by fewer claims against self-invested personal pension (SIPP) operators. A higher opening balance in this class is also anticipated as we carry forward surpluses from 2025/26." In addition, the FSCS expects some funding classes to begin the...
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