The UK Financial Services Compensation Scheme's November outlook puts the 2026/27 levy at £247 million, the same figure it projected in May. It expects no additional levy for the year. Projected recoveries from failed firms and third parties rose by £10 million from May to £43 million, most of which can offset what firms pay.
Expected compensation costs rose £25 million to £292 million, reflecting higher payments in areas including investment advice, self-invested personal pensions and insurance, plus higher special administration costs. The first forecast for 2027/28 puts the levy at £360 million as the available surplus falls. FSCS expects compensation costs for that year to stay broadly similar to 2026/27.
Sources FSCS · FX News Group
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