Financial services firms hit with levy figures for 2008-2009

Additionally, firms taking deposits will have to pay £406m to cover costs arising from bank defaults in 2008. While the announced figure was lower than initial estimates of £435m, additional levies will be expected, with the FCSC planning to announce the final 2008-2009 amounts in the early summer so it will be able to meet loan interest payments to the Treasury in the fall.

The FSCS has announced a planned general levy of £156m on financial services firms in 2009-2010.

Compensation costs will be

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.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

If you already have an account, please sign in here.

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: