FSCS levies set to top £30m in next year

The scheme is currently predicting an estimated gross total 2008/09 funding requirement of £130.8m. However, the FSCS said that after fund balances in the current contribution groups at the end of 2007/08 were taken into account, initial indications are that firms may only have to pay a net total of £30.7m through the levy.

Loretta Minghella, chief executive of FSCS comments: “2008/09 will bring a range of challenges and changes for FSCS. The uncertainty in the financial markets provides a

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: