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<br /> News from the Financial Services Compensation Scheme<br /> outlook<br /> April 2016<br /> 2016/17 ANNUAL LEVY<br /> • Key components of<br /> annual levy<br /> • Compensation costs<br /> • Management expenses<br /> ALSO IN THIS ISSUE<br /> • SIPP - related claims<br /> update<br /> • 2008/09 major bank<br /> failures legacy loan<br /> cost update<br /> Compensating<br /> consumers<br /> since 2001<br /> POLICY<br /> • NAO Report - Financial<br /> Services mis-selling:<br /> regulation and redress<br /> • Financial Advice Market<br /> Review<br /> CHIEF<br /> EXECUTIVE’S<br /> STATEMENT<br /> In this edition of Outlook, we set<br /> out and explain our annual levies<br /> for 2016-17. We do so against<br /> a background of heightened<br /> interest in FSCS’s levies following<br /> the publication of the Financial<br /> Advice Market Review.<br /> So let us start with the facts.<br /> This year’s FSCS levies w<a title="OUTLOOK_APRIL 2016 FINAL VERSION page 1" href="http://viewer.zmags.com/publication/d83dbd2a?page=1"> News from the Financial Services Compensation Sch</a> <a title="OUTLOOK_APRIL 2016 FINAL VERSION page 2" href="http://viewer.zmags.com/publication/d83dbd2a?page=2"> CHIEF EXECUTIVE’S STATEMENT In this edition of Ou</a> <a title="OUTLOOK_APRIL 2016 FINAL VERSION page 3" href="http://viewer.zmags.com/publication/d83dbd2a?page=3"> “Compared to the January numbers, we expec</a> <a title="OUTLOOK_APRIL 2016 FINAL VERSION page 4" href="http://viewer.zmags.com/publication/d83dbd2a?page=4"> KEY COMPONENTS OF 2016/17 ANNUAL LEVY FSC</a> <a title="OUTLOOK_APRIL 2016 FINAL VERSION page 5" href="http://viewer.zmags.com/publication/d83dbd2a?page=5"> COMPENSATION COSTS Table 2: Updated compensation </a> <a title="OUTLOOK_APRIL 2016 FINAL VERSION page 6" href="http://viewer.zmags.com/publication/d83dbd2a?page=6"> THE MAIN CHANGES TO THE COMPENSATION COSTS (FROM </a> <a title="OUTLOOK_APRIL 2016 FINAL VERSION page 7" href="http://viewer.zmags.com/publication/d83dbd2a?page=7"> SIPP - RELATED CLAIMS1 UPDATE: FSCS contin</a> <a title="OUTLOOK_APRIL 2016 FINAL VERSION page 8" href="http://viewer.zmags.com/publication/d83dbd2a?page=8"> FSCS MANAGEMENT EXPENSES FSCS management expens</a> <a title="OUTLOOK_APRIL 2016 FINAL VERSION page 9" href="http://viewer.zmags.com/publication/d83dbd2a?page=9"> Table 4: Split of management expenses budget Base</a> <a title="OUTLOOK_APRIL 2016 FINAL VERSION page 10" href="http://viewer.zmags.com/publication/d83dbd2a?page=10"> 2008/09 MAJOR BANK FAILURE LEGACY LOAN COSTS UPDA</a> <a title="OUTLOOK_APRIL 2016 FINAL VERSION page 11" href="http://viewer.zmags.com/publication/d83dbd2a?page=11"> POLICY NAO Report - Financial Services mis-sellin</a> <a title="OUTLOOK_APRIL 2016 FINAL VERSION page 12" href="http://viewer.zmags.com/publication/d83dbd2a?page=12"> POLICY are not met, greater costs for FSCS (and t</a>