Advisers unlikely to benefit from £206m FSCS levy cut 

The FSCS has cut its latest levy forecast by £206m from £1.04bn to £833m but the body has warned that the levy on advisers is unlikely to change.

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Retirees drawn to riskier investments warns FSCS

The Financial Services Compensation Scheme has warned that retirees are being tempted to put money into investment products claiming to offer high returns due to the prolonged low interest savings environment.

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FSCS levy to soar by a third to top £1bn

 

The Financial Services Compensation Scheme is forecasting a levy for 2021/22 of £1.04bn, up £339m from the £700m raised the previous year due mainly to soaring numbers of claims.

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FSCS levy to rise as claims surge by 38%

The Financial Services Compensation Scheme is set to increase its levy yet again as it faces a £92m shortfall, according to its half-year Outlook report published today.

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