Scottish Widows Compensation Levy
Published / Last Updated on 03/05/2011
Scottish Widows Compensation Levy.
Scottish Widows Investment Partnership SWIP) has been given a levy of £4.1m for the interim FSCS fee. According to SWIP, the increase is due to a rise in compensation payments made by the FSCS to customers of failed regulated firms.
The levy given to SWIP is not the highest in the industry. Jupiter are facing a £5.2m levy. Meanwhile, AWD Chase de Vere have revealed that its levy was £400,000.