FSCS Outlook

Outlook is the FSCS’s industry newsletter, containing our latest news and levy update. Here you can read the most recent issue, and browse back issues from the past five years by downloading them as pdfs. 

By Giles Denny
21 May 2020 FSCS news

FSCS Outlook May 2020

People looking for news updates from FSCS's industry newsletter, Outlook

Welcome to the latest edition of Outlook where we discuss updates that have taken place since we published the previous edition in December last year.

Download the latest issue - pdf (1.6MB)

Download the mobile-friendly version - pdf (0.7MB)

 

Chief Executive’s statement

In her introduction to Outlook, CEO Caroline Rainbird provides an update of FSCS business activity during lockdown. She also outlines how FSCS has responded to concerns from levy payers by convening industry panels to exchange information on current issues. The CEO statement includes an update on LCF and FSCS anti-phoenixing work with regulatory partners.

Annual levy

This edition of Outlook confirms the levy figures for the year. The levies were agreed prior to the COVID-19 lockdown, and there may be some future failures in the market that have not been planned or budgeted for in this forecast due to any economic downturn that may come. We will keep all stakeholders updated throughout the year.

Sector overviews

Updates for each industry sector, including the variance from the figures published in the indicative levy forecast are given in this edition of Outlook.

  1. Deposits
  2. General Insurance Provision
  3. Investment Provision
  4. Life Distribution and Investment Intermediation
  5. General Insurance Distribution
  6. Home Finance Intermediation

Management expenses

Management expenses of £74.7m are shown, which are the costs of running the Scheme.

 

Download the latest issue - pdf (1.6MB)

This publication is available in different languages as well as in braille, large print, and as a recording. Please contact us for further details.

Older editions of Outlook are available via the archive link below.

Outlook archive