FSCS raised supplementary £14m levy following Alpha collapse

Long-term incentive

The FSCS was forced to raise a supplementary £14m levy in January to cover the cost of the collapse of Alpha Insurance, according to its annual report.

The Danish unrated insurer collapsed in May 2018, shortly after the FSCS announced its final levies, creating a deficit.

The supplementary levy brought the total levies received from general

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