FSCS adviser levy to exceed forecast by £14m

Hannah Godfrey
FSCS adviser levy to exceed forecast by £14m

The final Financial Services Compensation Scheme (FSCS) levy for 2020-21 has risen by £16m for advisers to £229m, according to the British compensation scheme's market update issued this morning. In its update the "lifeboat fund" announced it would levy firms £649m in 2020-21, £14m more than was forecast in its plan and budget that was published mid-January.  It said the main reason for the change was the inclusion of an estimated £44m to cover compensation costs for London Capital & Fi...

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