levy

The FSA has explained the methodology behind its proposed new threshold system ensuring there are limits to the contributions made by firms to the Financial Services Compensation Scheme.

The FSA has proposed a radical overhaul of funding for the Financial Services Compensation Scheme which scraps the ‘pay as you go' system and requires advisers to pay a levy based on the income they earn from specific types of business.

Most IFAs believe the Financial Services Compensation Scheme's decision to keep the levy high for their contribution group is "outrageous", according to IFAonline's latest industry straw poll.

IFAs will continue to face a high levy from the Financial Services Compensation Scheme in 2007/08 because of the continuing high levels of endowment claims.

It always bemused me when Equitable Life was called just that. Synonyms to the name ‘equitable' include fair, even-handed, reasonable, and just. With that in mind, perhaps someone could explain exactly how equitable the Financial Services Compensation...

The Pension Protection Fund (PPF) has amended proposals to its levy which include an extension to the deadline for scheme valuations and revising parts of the risk-based calculation.

The IFA sector will be billed £47.5m by the Financial Services Compensation Scheme this year - an increase of 25% on last year and equivalent to between £1,200 and £1,300 per adviser.

IFAs have reacted angrily to news suggesting they may face an additional £9m bill in the Financial Serivces Compensation Scheme (FSCS) levy for endowment complaints received by the scheme this year.

News of a possible increase for IFAs in the cost of the FSCS levy has sparked a flurry of angry comments from financial intermediaries and calls for a new solution to the funding problem.

The Financial Services Compensation Scheme (FSCS) has warned its levy may have to rise again in the next financial year to meet the cost of compensation claims.