PIMFA urges FCA to reform 'unsustainable' FSCS levy

Wealth manager trade body PIMFA has branded the FSCS’s budgeted levy for 2020/21 of £635m as “totally unsustainable” and says the levy must be reformed.

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FSCS levy to soar by £87m to £635m in 2020/21

The Financial Services Compensation Scheme confirmed today that its levy for 2020/21 will soar by £87m to £635m, mainly due to surging SIPP claims.

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FSCS disappoints nearly 300 LCF investors

The FSCS said today that it cannot help 283 London Capital & Finance victims because they became customers before the firm was authorised in June 2016.

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Advisers could be hit with extra £46m FSCS levy

The Financial Services Compensation Scheme has warned that there is a ‘high risk’ of a supplementary £46m levy on advisers and providers.

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