FSCS ups total levy to £336m for 2018/19
Covers nine month period
Firms across the sector will pay a total of £336m to fund the Financial Services Compensation Scheme (FSCS) for the nine months to March 2019, according to the body's Plan and Budget.
The FSCS said this was up from £320m in 2017/18 - which covered a 12 month period. The body is shifting its financial years meaning forecasts this time reflect a nine month period. Earlier this month,...
More on Regulation
Simon Binney: Open banking and advice - creating new realities
Came into effect in January
Charlene Young: Compensation rule flaws add insult to injury
Three examples of compensation rule issues
DWP names first two single financial guidance body non-execs
Duo start roles on 1 October
FCA quizzes asset managers on market abuse controls
Questionnaires sent to firms
Pension scam victims 'lose £91,000 each'
Financial regulators renew anti-pensions scam campaign
More news
JOHCM chief leaves firm
Search for replacement to begin imminently
Govt 'care ISA' proposal snubbed by experts
60+ £300bn ISA savings
Peter Hopkins: Is the pensions dashboard really the magic bullet?
Has technology moved on?
Invesco Perpetual jump to top of Spot the Dog list
Total funds on list rise from 26 to 58
Three things your clients may call you about this week …
What made financial headlines over the weekend?