The Financial Services Compensation Scheme (FSCS) has published its Outlook in order to share with levy payers its latest assessment of the compensation costs facing FSCS. The FSCS does not currently expect to have to raise a supplementary levy this year on any sector of the industry.
This edition of Outlook also provides an update on FSCS’s own management expenses and progress with its continuing modernisation. Its focus this year has been on bedding down its new claims handling process, Connect, which went live in May.
The edition also includes updates to recoveries, policy and the Consumer Awareness Programme.