levy

The Financial Services Compensation Scheme (FSCS) has said it no longer expects to raise an interim levy on investment advisers for the 2013/14 period.

The Financial Services Compensation Scheme (FSCS) has put a £360,000 - £540,000 contract to tender, which will cover the scheme's external PR activity over the coming two years.

IFA Willow Financial, which was pushed into administration by Arch Cru compensation claims, has been named among 20 firms declared in default by the Financial Services Compensation Scheme (FSCS).

The Financial Services Compensation Scheme (FSCS) is to pay out £100,000 to around 400 savers after a Kent-based credit union collapsed.

FSCS

The Association of Professional Financial Advisers (APFA) has said it hopes a new approach to funding the Financial Services Compensation Scheme (FSCS) will mean lower overall contributions from advisers in the long term.

The Association of Professional Financial Advisers (APFA) has called on the regulator to adjust next year's fees for advisers to "correct the error that occurred" in the previous year.

The advice community is likely to be billed a £30m interim levy early next year, mainly covering the cost of the Catalyst Investment group failure, which was declared in default in October.

The chief executive of the Financial Services Compensation Scheme (FSCS) is "sympathetic"to calculating the scheme's levy based on the risk posed by specific businesses.

The Financial Services Compensation Scheme (FSCS) has confirmed that it will calculate compensation fees on a three-year basis in the future, following a consultation process that received some "detailed" but "positive" feedback.