Yet another kick in brokers' FSCS teeth

Andrew Pearce

Yep, you've guessed it, the FSCS levy has been hiked up. Not once, but twice, just to rub salt into the wound. 

First up, the FSCS confirmed what brokers already feared - that the 2012/13 interim levy would be £20m. This is a cool 55% rise on top of the previously announced £36m, amounting to a year total of £56m.

And with the pain still stinging in brokers' wallets, the FSCS revealed that next year's indicative levy would be £58m.

At this stage I should point out that the figures were laid out

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