FSCS publishes its Plan and Budget: 2015/16
20th January 2015
The Financial Services Compensation Scheme (FSCS) today announces an indicative levy of £287m for firms in 2015/16. The news comes in the FSCS Plan and Budget out today.
The levy covers compensation and management expenses, excluding the costs of the major bank failures of 2008/09. This compares with total levies so far in 2014/15 of £276m.