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United Kingdom · Question · Written question

UIN 6752

Financial Services Compensation Scheme: Cost of Living

answeredUnited Kingdom· UK Parliament· EN

Introduced

23 May 2022

Last action

26 May 2022 · Answer

Status

Answered

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Discovery layer

Source updated

26 May 2022

Summary

To ask the Chancellor of the Exchequer, if he will make an assessment of the impact on the cost of living of the twentyfold increase since 2017 in the levy paid by investment managers for the Financial Services Compensation Scheme.

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Timeline

  1. 23 May 2022

    Written question

    To ask the Chancellor of the Exchequer, if he will make an assessment of the impact on the cost of living of the twentyfold increase since 2017 in the levy paid by investment managers for the Financial Services Compensation Scheme.

    Source: Commons

  2. 26 May 2022

    Answer

    Under the Financial Services and Markets Act 2000 (FSMA), the Financial Conduct Authority (FCA) is responsible for setting the rules of the compensation framework of the Financial Services Compensation Scheme (FSCS) in relation to the levy paid by investm...

    Source: Written answer

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