FSCS reduces broker levy for 2021/22


The Financial Services Compensation Scheme (FSCS) has updated its levy forecast for 2021/22, with the broker levy set to be reduced to £12.9m.

The total broker contribution has reduced from £146.8m to £73.8m. This includes the levy for the broking funding class of £12.9m, compared to the forecast of £14.4m, as well as a contribution to the retail pool of £60.9m, which has been reduced down from £132.4m.

The FSCS explained that the total levy, which has been revised to £833m, is expected to

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: