FSCS projects no interim levy this year
Further good news for brokers following £0 annual levy for 2015/16.
The Financial Services Compensation Scheme (FSCS) has confirmed that it is unlikely to ask brokers for an interim levy to cover costs this year.
In an industry newsletter, Mark Neale, chief executive of the FSCS reported that following analysis "I'm pleased on this occasion to be able to say that we do not currently expect to have to raise a supplementary levy this year on any sector of the industry".
Neale accepted that "uncertainty is an intrinsic feature" of the "pay-as-you-go" funding system
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