19/12/2011 - Another FSCS Levy On Way
Another FSCS Levy On Way.
The FSCS believes it may face a deficit of at least £40m on investment intermediaries before the next levy becomes available. In its Outlook newsletter, they also warn there is a potential risk of cross-subsidy if compensation costs for Arch cru and MF Global push investment intermediation costs above the £100m threshold.
In January the FSCS raised an interim industry levy of £326m, mainly to cover the compensation costs for Keydata.
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