FSCS has announced its final levy for 2016/17, at £337 million. This is £26 million less than the levy forecast in FSCS’s plan and budget. Most industry sectors will contribute less in 2016/17 than FSCS forecast, with the exception of the life and pensions intermediaries sector, which will pay a levy of £90 million in 2016/17, up from a forecast of £80 million. This is to reflect a higher average cost of claims arising from advice about investments in self-invested personal pensions. (Source: FSCS announces its final levy for 2016/17)