FSCS lands Liontrust with £415,000 interim charge
Share
Liontrust has been hit with a £415,000 Financial Services Compensation Scheme interim levy.
The bill compares with a £20,000 annual levy for the firm the previous year and is part of the £233m required from inv- estment management firms, mainly to cover the cost of failed Keydata life settlement vehicle Lifemark. Investment advisers have been hit with a £93m interim levy by the FSCS.
Liontrust has revealed a second quarter of positive net flows, with £76m in the last three months of 2010.
It saw £86m in positive sales between July 1, 2010 and December 31, 2010.
Liontrust assets under management stood at £1,292bn at December 31, 2010 and at £1,307bn by February 1.
If you enjoyed this article, sign up here to receive daily email updates from Money Marketing and Follow @_moneymarketing
