The Financial Services Compensation Scheme (FSCS) has published its Annual Report and Accounts for 2016/17. Among the main facts and figures for 2016/17:
- the total compensation in 2016/17 was £375m;
- an increase in claims associated with Self-Invested Personal Pension plans with the total cost of £105m; and
- the total levy for 2016/17 was £738m.
The FSCS has also published its Annual Report Class Statement for 2016/17 setting out its compensation costs, recoveries and levies.
View FSCS Annual Report and Accounts and Class Statement 2016/17, 13 July 2017