Financial Services Compensation Scheme
(asked on 11th February 2020) - View Source
Question to the HM Treasury:
What steps he is taking to ensure that the level of the Financial Services Compensation Scheme levy is (a) equitable and (b) proportionate.
This question was answered on 11th February 2020
The FSCS is an independent non-governmental body. It operates within the rules set by the FCA and the PRA, who are also independent from government.
The FSCS levy is set annually, within the overall levy limits set by the FCA and PRA. It is for the FCA and PRA to consider the impact of the levy on the firms they regulate. The Government has no role in setting the levy.