Caroline Rainbird
The Financial Services Compensation Scheme (FSCS) released its indicative levy for 2021/22 today, saying it forecast £1.04 billion would be needed to cover the cost of failing firms.
This is a 43 percent increase on the £700 million billed to firms in 2020/21 – including the supplementary levy of £78 million.
In a video statement announcing the 2021/22 levy, FSCS chief executive Caroline Rainbird said...