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PIMFA has welcomed news of a reduction in the annual Financial Services Compensation Scheme (FSCS) levy for 2024/25 from the forecast £415m in November 2023 to £265m today. |
Simon Harrington, Head of Public Affairs at PIMFA, commented: “We welcome the reduction of the annual FSCS levy for 2024/25. This will come as welcome relief for firms and reduce their outgoings for the coming year allowing them to focus investment internally rather than on servicing the cost of regulation. |
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