David Worsfold.

The Financial Services Reform Bill is arousing great speculation and there is strong cross-party consensus about what lies ahead.

This is something of a dangerous piece to write. Experience tells me
that no sooner one comments on the likelihood of a government doing
something, then they go and do the complete opposite.


However, I am going to take the plunge because I have spent some time
recently talking to MPs from all parties about the most likely timetable
for the Financial Services Reform Bill.


It now seems touch and go as to whether we will see the actual bill during
the autumn - as one Labour MP remarked last week:

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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.

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