FSCS confirms £60m interim levy for investment intermediaries

14th March 2012

The Financial Services Compensation Scheme today confirms a £60m interim levy for investment intermediaries. Firms in this sector will be sent invoices for their share of the levy by the end of March. 

However, investment fund managers are not facing an interim levy in 2011/12.

Jargon Buster

  • Investment

    a financial product in which money can be invested to earn interest or profit (although the value of investments can go down as well as up).