FSCS PUBLISHES PLAN AND BUDGET FOR 2018/2019

The Financial Services Compensation Scheme (FSCS) has published its Plan and Budget for 2018/2019. The Plan and Budget outlines the FSCS’s expected management costs and initial levy forecasts financial services firms will pay next year.

The FSCS expects to levy the industry £336m, for the nine months to 31 March 2019, up from £320m in 2017/18. In addition, the Plan and Budget sets the FSCS’s latest forecast of potential claims volumes and associated compensation costs for 2018/19.