FSCS sets 2005/06 levy at £160.7m
Financial Services Compensation Scheme has set its initial 2005/06 levy at £160.7m, a reduction of some £42m on forecasts made in January and a reduction of £77m on 2004/05 levy amounts.
This initial levy excludes funding for potential splits claims, due to significant uncertainties about the likely volume and nature of claims in this area. An additional levy for these claims remainsOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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