FSCS publishes plan and budget: FSCS' plan and budget for the next year has set an indicative levy of £287 million for firms in 2015/16, an increase of £11 million on the previous year. It expects to process fewer claims during the next year as claims relating to payment protection insurance and mortgage endowments fall. It also notes that investment intermediary claims have been falling. It does not propose a levy on insurance brokers (although it expects claims relating to certain insurers to continue), but expects an increase in costs arising from advice to transfer pensions into self-invested personal pensions. It asks for comment by 20 February. (Source: FSCS Publishes Plan and Budget)