Levy
UK lifeboat scheme proposes £5m increase to 2022/23 budget
Due to rise in complex claims which will require additional time, resource and skilled expertise to process
Deja vu as advisers hit with £240m FSCS levy yet again
UK lifeboat scheme ‘expecting to see more complex claims related to pension advice’ in 2022/23
How does the UK lifeboat service forecast its levy?
Compensation costs, management expenses, recoveries and surpluses/deficits all part of process
Second call for Aussie firms leaving advice market to pay levy
Expecting small companies to fork out on regulatory costs for the ‘sins of the past’ is ‘unconscionable’
UK lifeboat scheme reduces 2021/22 levy to £833m
Lower forecast sparked by delays in Sipp claims and extension of government support for businesses