Investment advisers will contribute £125m towards the 2015/16 Financial Services Compensation Scheme levy under plans outlined by the lifeboat scheme.
The FSCS’ plan and budget for 2015/16 reveals investment intermediaries will pay almost half the £287m levy for the 12 month period and £13m more than in 2014/15.
Life and pensions intermediaries will have to cough up £57m, some £24m higher than the bill they faced in 2014/15.
The overall levy will rise from £276m in 2014/15 to £287m in 2015/16.
The FSCS says although it expects investment claims volumes to fall as it resolves cases relating to Catalyst and Arch cru, the scheme expects to receive “a significant number of varied and often complex claims in relation to investment advice given by intermediaries”.
Pension claims are also on the rise, particularly in relation to Sipps, the FSCS says.
“We expect this trend to continue and there is considerable uncertainty as to the amount of compensation we may have to pay in relation to these claims,” it adds.