FSCS Outlook April 2019
Welcome to the latest edition of Outlook. In this issue there's an update on our strategy for the 2020s, annual levy and management expense details, as well as a look at the new compensation limits and funding review.
Details of FSCS's final levies for the year ahead and important changes to the funding regime.
The latest forecasts for the funding classes with final decisions on each class made in the New Year.
Complete updates for each sector.
FSCS is likely to exceed its budget, mainly because of increases in outsourced claims processing from higher than expected Life & Pension advice volumes.
FSCS’s limit has been raised to £85,000 for more of the financial activities and products it covers.
Pursuing recoveries in accordance with FSCS rules helps offset against future levies.
2019/20 is the first year of our new strategy, FSCS into the 2020s: Protecting the Future. See our progress.
All change as CEO Mark Neale hands over to Caroline Rainbird, who'll be in post for the next three years.