Brokers' FSCS levies could rise
Brokers could be facing an increase in their Financial Services Compensation Scheme (FSCS) levies fo...
Brokers could be facing an increase in their Financial Services Compensation Scheme (FSCS) levies following the Ombudsman's prediction that consumer complaints will soar in the 2009/10 financial year.
In its proposed budget, the Ombudsman forecast a 44% increase in the number of disputes in the coming year - a record of 165,000 complaints. This was in stark contrast to the 115,000 predicted complaints for this year.
A spokesman for the Ombudsman said the prediction was in response to "initial
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