FSCS forecasts levy drop to £247m in 2026/27

The FSCS' May 2026 Outlook stated this was due to a compensation environment that "continues to evolve, particularly for advice claims". Over the past year, the FSCS has seen "higher volumes of lower-value general investment claims, and fewer higher- value pensions and Self-Invested Personal Pension (SIPP) operator claims", it said. There has also been a higher proportion of rejected Section 27 claims where no compensation has been due. Initially, in November last year, the FSCS forecasted the total levy in 2026/27 at £342m, a slight decrease from the 2025/26 levy of £356m. In the ...