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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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Editor’s Column: A regulatory bomb exploding

 

I was going to dedicate this column to a timely look back at 2020 and a look forward to 2021 (see lower down). Then something happened.

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Gloster - FCA plans sweeping reforms after LCF debacle

The FCA will introduce nine major reforms following publication of the damning Gloster Report into its handling of the £236m collapse of mini-bond provider London Capital & Finance (LCF).

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Gloster - FCA failed to protect LCF investors

The FCA is to implement a package of reforms after accepting the findings of the long-awaited Gloster Report that it failed to adequately protect the 11,625 investors who lost money due to the £236m collapse of mini-bond provider London Capital & Finance.

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