Levy
FSCS levy ‘barrier to growth’ for firms, says PIMFA
As the lifeboat scheme forecasts it to increase to £415m in 2024/25
UK lifeboat scheme cuts 2023/24 levy to £270m
But FSCS says it continues to see increasingly complex firm failures within the Sipp and DB pension advice areas
FSCS predicts 24% drop in levy for 2023/24
With no additional increases expected for the current financial year
FCA fees increase by £17.2m
As regulator looks to reduce sums paid by smaller firms and appointed representatives
UK lifeboat scheme cuts 2022/23 levy to £625m
But compensation payouts expected to be greater than last year