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Editor’s Comment: FSCS levy faces many questions

I suspect there were some gasps this week when the Financial Services Compensation Scheme announced that its annual levy would fall by a whopping £150m from a predicted £415m to £265m for the 2024/25 funding year.

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FSCS to cut 2024/25 levy from £415m to £265m

The Financial Services Compensation Scheme (FSCS) has reduced its annual levy on the industry for 2024/25 to £265m.

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£2.6m credit union with more than 7,000 members fails

Worcestershire Credit Union Castle & Crystal Credit Union Limited (FRN 213711) has been declared in default by the Financial Services Compensation Scheme after it was placed into administration today (21 May).

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Macclesfield adviser defaults over pension transfer claim

The Financial Services Compensation scheme has declared Macclesfield-based financial adviser Chestergate Financial Services Ltd (FRN: 459990) in default.

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