May 1, 2018 / 6:04 AM / 20 days ago

BRIEF-UK compensation body to hike levy on financial firms

May 1 (Reuters) -

* UK FSCS WILL LEVY FIRMS £407M THIS YEAR, £71M MORE THAN IT FORECAST IN ITS PLAN AND BUDGET 2018/19 IN JANUARY.

* FSCS SAYSMAIN REASON FOR INCREASE IS RISE IN DEFINED BENEFIT PENSION TRANSFER CLAIMS

* FSCS HAS SET ASIDE TO PAY FOR CLAIMS AGAINST A NUMBER OF INDEPENDENT FINANCIAL ADVISERS. ONE OF THESE FIRMS IS ACTIVE WEALTH WHICH ADVISED BRITISH STEEL WORKER Source text for Eikon: Further company coverage: [ ] (Reporting By Huw Jones)

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