FSCS cuts annual levy by a third

The Financial Services Compensation Scheme (FSCS) has cuts its levy for 2022/23 by £275m to £625m.

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FSCS declares 16 firms in default

The Financial Services Compensation Scheme (FSCS) has declared 16 firms in default, including a number of financial advisers and wealth managers.

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FSCS blames poor financial advice for soaring levy 

The Financial Services Compensation Scheme (FSCS) has blamed poor financial advice for driving up its soaring annual levy.

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Advisers unlikely to benefit from £206m FSCS levy cut 

The FSCS has cut its latest levy forecast by £206m from £1.04bn to £833m but the body has warned that the levy on advisers is unlikely to change.

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