All advisory firms face the prospect of an interim levy from the Financial Services Compensation Scheme (FSCS) in 2015-2016 following a swell of claims related to self-invested personal pensions (SIPPs).
The scheme said life and pension intermediaries' contribution to the FSCS levy for 2015-2016 is anticipated to be £100m, an increase of 75% on the £57m the scheme forecast it would collect in January....
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