The FSCS has set its 2005/06 levy at £160.7m, a reduction on its £42m on January forecast and £77m down from the 2004/05 figure.
This levy excludes funding for potential split claims due to the uncertainty of the volume and nature of these claims, it said.
FSCS chief executive Loretta Minghella said: "In setting our levies, we seek to ensure that we will have enough money to pay claims that we expect to settle in the coming year. We also seek to avoid levying more money than we need."
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
