2001-2008

2007/08 initial levy - £94.5m

Deposit takers (A1): £nil.

Insurance £2.5m:

  • General insurers (A3): £nil
  • Life assurers (A4): £0.5m
  • General insurance intermediaries (A19): £2.0m

Investments £53.5m:

  • Fund managers (A7): £0.5m
  • Managers of AUTs (A9): £0.1m
  • Dealers as principal (A10): £0.3m
  • Brokers holding client monies (A12): £10.5m
  • Brokers not holding client monies (A13): £42.0m
  • Corporate advisors (A14): £0.1m

Costs for potential claims relating to split capital investment trusts against Exeter Fund Managers Limited (EFML) or BFS Investments plc are not included in these levies.

IFA pensions review claims (formerly A16): £38.5m

Mortgage advice and arranging (A18): £nil

Further information and breakdowns in Outlook, Issue 16

 

2006/07

  • Designated Investments (A7 - A14): £49.6m
  • IFA pensions review claims (formerly A16): £25m
  • Mortgage advice and arranging (A18): £0.3m
  • General insurance intermediaries (A19): £0.5m
  • Insurance Sub-scheme: £nil (for general insurance claims such as those relating to Independent Insurance and Chester Street)
  • Accepting Deposits: £nil. (FSCS holds sufficient funds to cover anticipated compensation payments and management expenses for this Sub-scheme)

Further information and breakdowns by contribution group in Outlook, Issue 12.

More information about fees is available from the FSA.

 

2005/06

  • Designated Investments Sub-scheme: £81m - £50m for designated investment business (A7 - A14); £31m for IFA pensions review claims (formerly A16)
  • Insurance Sub-scheme: £45m* (for general insurance claims such as those relating to Independent Insurance and Chester Street)
  • Accepting Deposits: £nil. (FSCS holds sufficient funds to cover anticipated compensation payments and management expenses for this Sub-scheme)
  • Mortgage advice and arranging (A18): £0.4m
  • General insurance intermediaries (A19): £1.3m

*reduced to £45m from £78m following confirmation of a significant recovery from the estate of an insolvent insurer

Further information and breakdowns in Outlook, Issue 8

More information about fees is available from the FSA

 

2004-2005

  • Designated Investments Sub-scheme: £88.2m - £55m for pensions review claims (formerly A16); £33.2m for other designated investment business (A7 - A14)
  • Insurance Sub-scheme: £130m (for general insurance claims such as those relating to Independent Insurance and Chester Street)
  • Accepting Deposits: £nil. (FSCS holds sufficient funds to cover anticipated compensation payments and management expenses for this Sub-scheme)

 

2003-2004

  • Designated Investments Sub-scheme: £87.9m - £80m for pensions review claims (formerly A16); £7.9m for other designated investment business (A7 - A14)
  • Accepting Deposits Sub-Scheme: £nil
  • Insurance Sub-Scheme: £nil

 

2002-2003

  • Designated investments Sub-scheme: £56.4m *
  • Accepting deposits Sub-scheme: £nil
  • Insurance Sub-scheme: £nil

*£50m related to pensions review claims.

 

2001-2002

A levy of £150m (0.66% of leviable income) was raised on 4 January 2002 against general insurance companies to cover estimated compensation payments for general insurance claims, including those against Independent Insurance and Chester Street.