FSCS gives first insight on increasing levy to £394m
The Financial Services Compensation Scheme has indicated its levy for 2025/26 will rise to £394m from £265m this financial year as it cited having lower surpluses to carry forward and offset bills – a factor that has benefited brokers for two years in a row.
In its first forecast for 2025/26, the FSCS predicted the compensation payout total will drop marginally from £372m in the current year to £367m.
RelatedFSCS slashes broker 2023/24 levy to zero FSCS confirms zero levy for brokers in 2024/25 FSCS broker compensation costs fall to £600,000 London-based wholesale broker Lonsdale goes into liquidationMartyn Beauchamp, interim CEO, said: “While the levy is projected to increase in 2025/26 … cash surpluses have kept the levy below compensation levels
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