Outlook is 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.
FSCS Outlook November 2020
Welcome to the latest edition of Outlook where we discuss updates that have taken place since we published the previous edition in May this year.
The highlights from Outlook
Breakdown of the supplementary levy
Chief Executive’s statement
In her introduction to Outlook, FSCS Chief Executive Caroline Rainbird outlines the latest position on the levy. While the levy funds the service FSCS provides which protects consumers, improves market stability and increases consumer confidence in the finance sector generally, we realise that increasing levy costs put pressure on firms’ finances, especially against the current challenging economic backdrop.
While there is no simple solution to what is a complex problem, FSCS is committed to continuously working to reduce the levy within the areas that we can control, which you can read more about below.
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Read older editions of Outlook in our Outlook archive.