Brokers' FSCS levy reduced by £24m for 2014/2015
FSCS chief says reduction reflects PPI claims trend.
The Financial Services Compensation Scheme (FSCS) has announced that the 2104/2015 levy will total £276m in its outlook for 2014/15.
This is lower than the £285m levy paid in 2013/14 and less than the £313m indiciative levy which was forecast in January 2014.
The indicative levy for the insurance intermediation sub-class was £62m, which has been reduced to £38m.
Significant difference
Mark Neale, chief executive of the FSCS, said that the figures published today highlighted “some significant
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