online

FSCS confirms £50 million supplementary levy for 2019/20

The FSCS has confirmed that it needs to raise a £50 million supplementary levy to cover 2019/20 compensation costs in the 'Life Distribution, Pensions and Investment Intermediation class'.

The FSCS has the power to raise supplementary levies where necessary to meet unforeseen compensation costs.

If you’re not a client, to read this content you must sign up for a free guest account

Clients of threesixty are kept up to speed with the latest regulatory, industry and technical developments via our regular news and opinions articles.

As well as being updated via the articles we publish to threesixty online, clients can specify to us what type of articles they want to receive (by category) and how frequently they receive them.

To try this service, simply register your details with us and we'll give you 3 months free and unlimited access to our news and opinions.