The Financial Services Compensation Scheme (FSCS) has almost halved its levy forecast for 2023/24.
In its latest report, it has announced the annual levy for 2023/24 is now £270 million.
This is £208 million lower than the £478 million forecast in November 2022.
This is also a significant decrease from the final 2022/23 levy which was £625 million.
Despite this, the FSCS expects to pay £471 million in compensation.
The 2023/24 forecast le...
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