The Financial Services Compensation Scheme (FSCS) has announced a £20 million levy for life and pensions intermediaries. From 23 March 2015, relevant firms will start receiving invoices for their share of the levy, and will have 30 days to pay it or use their existing credit facilities to spread the costs.

The FSCS will announce its 2015/16 annual levy in April 2015.

View FSCS announces £20m interim levy on life and pensions intermediaries, 19 March 2015