Displaying items by tag: FSCS Levy
Thursday, 09 November 2023 10:09
FSCS levy forecast to soar to £415m next year
The total levy to pay for the cost of the Financial Services Compensation Scheme is set to soar by £145m from £270m this year to £415m in 2024/25.
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Thursday, 25 May 2023 10:46
FSCS trims levy for advisers by £4.4m
The Financial Services Compensation Scheme has cut its 2023/24 levy for the Life Distribution & Investment Intermediation class - which includes financial advisers -by £4.4m.
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Monday, 06 December 2021 16:54
FCA says SIPP claims a factor in compensation shake-up
The FCA has launched a major review of the funding of the Financial Services Compensation Scheme due to soaring costs, including rising SIPP claims.
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Friday, 22 January 2021 15:59
SIPP failures to push FSCS levy over £1bn
The FSCS warned today that its levy for the coming year will soar by a third to over £1bn with SIPPs and “complex” pensions cases behind a big chunk of the rise.
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Friday, 28 June 2019 11:13
FSCS pays out £473m as SIPPs payouts rise
The Financial Services Compensation Scheme (FSCS) paid a total of £473m in compensation to 425,760 customers of failed firms during 2018/19, it has been revealed.
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Friday, 01 February 2019 13:31
Aegon blasts ‘unfair’ £175m FSCS levy
A director at Aegon has blasted today’s revelation that advisers will have to pay £175m in levy payments to the FSCS as “unfair”.
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