The Financial Services Compensation Scheme Increases its Levy

By Published On: 20 November 2023

The Financial Services Compensation Scheme (FSCS) has announced that it will increase its levy to £415m for the 2024/25 financial year, according to its latest Outlook publication. The levy for the current financial year will remain at £270m with no additional demands. The FSCS expects an increase in claims for investment and pension advice, as well as failures of self-invested personal pension (SIPP) operators and insurance firms.

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Written by : mike

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