FSCS to charge advisers extra £36m for high SIPP-related claims

Returning £50m surplus to investment advisers

clock • 3 min read

The Financial Services Compensation Scheme (FSCS) is to raise supplementary levies for 2016/17 on life and pensions advisers, general insurers and mortgage advisers to meet "unforeseen compensation costs", while the scheme will also return a £50m surplus of funds to investment advisers.

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