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PIMFA argues longer term solution to FSCS levy is required

News Team, 26/05/2023

Wealth management lobby group PIMFA has welcomed the forecast reduction in the Financial Service Compensation Scheme (FSCS) levy but believes a long term solution to the compensation framework is needed.

Announced yesterday (25/05/2023), the FSCS almost halved its levy forecast for 2023/24 to £270 million.

Simon Harrington, head of public affair...


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