How has the levy been affected by the Governments review of the level of guarantee through the FSCS – aren they proposing to increase the limit from £35,000?
In October last year FSA increased the limit for deposits to 100% of the first £35,000 with an individual institution. The 2008/09 FSCS levy estimates have taken this into account. The joint consultation document on financial stability and depositor protection, published on 30 January 2008, explained that it is the FSA that is responsible for setting limits and we intend to consult on the FSCS limits for deposit takers and other sectors this summer.
Related Questions
- How has the levy been affected by the Governments review of the level of guarantee through the FSCS – aren they proposing to increase the limit from £35,000?
- COULD LEVIES OF JUNIOR TAXING DISTRICTS HAVE AN INCREASE IN LEVY CAPACITY AS A RESULT OF THE 1% LEVY LIMIT?
- I thought the 1% levy limit limited the increase of my property value to 1% each year?
