Financial advisers will have to pay an extra £78m towards the funding of the Financial Services Compensation Scheme (FSCS) in the 2018/19 levy year as a result of the rising costs of claims against them.
The supplementary levy means that, in total, advice firms will have paid a total £197m towards the running of the lifeboat fund in 2018/19. The FSCS also released its budget for the next financial year...
Countdown to 31 October
Moves from Franklin Templeton
Private equity firm buys stock
Payments from listed companies hit $513.8bn in Q2