FIN.

FSCS announces 2020/21 levy

FSCS has announced its levy for 2020/2021 at £649m. This is £14m more than forecast in the plan and budget, mainly to reflect estimated compensation costs for LCF opf £44m which will be borne by the Life Distribution and Investment Intermediation Class, but making savings in other classes so that the overall increase is only £14m.

Emma Radmore