FSCS levy drops by £42m but SIPP claims rising

The Financial Services Compensation Scheme (FSCS) will impose a levy of £532m on firms this year, £16m more than it forecast in January but £42m lower than the equivalent figure last year.

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3 SIPP firms declared in default by FSCS

Three SIPP operators have been declared in default by the FSCS after 150 claims were received, the body announced today.

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