FSCS confirms £363m levy for 2017/18

FSCS has announced its levy for 2017/18. The £363m is less than forecast in the FSCS’ 2017/18 Plan and Budget in January, but more than the 2016/17 levy.

The 2017/18 levy includes:

  • no change to the £100m levy on life and pensions advisers;
  • £5m more to be paid general insurance intermediaries than FSCS forecast in January; and
  • £4m more to be paid investment intermediaries than FSCS forecast in January.

The final levies for the various funding classes are set out in the press release.