FSCS confirms supplementary levy for 2020/21

The FSCS has confirmed it will apply supplementary levies to meet unforeseen compensation costs from 2020/21.

The FSCS has confirmed that it will raise a supplementary levy in February 2021 to cover the £78 million deficit in the life and pensions intermediation (CLII-1) class during 2020 /21. The £78m supplementary levy will be partly funded by contributions from other classes.

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