Last week, the Financial Services Compensation Scheme (FSCS) significantly revised its latest levy demand and now expects to bill the industry a total of £270m for 2023/24, Sahar Nazir writes…
The Financial Services Compensation Scheme (FSCS) has significantly revised its latest levy demand and now expects to bill the industry a total of £270m for 2023/24.
A leading trade body for the wealth management sector has welcomed the forecast reduction in the Financial Services Compensation Scheme levy for 2023/24.
The Financial Services Compensation Scheme’s total compensation costs reached £584m in 2021/22. This is similar to the costs the lifeboat fund paid last year.