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The government is to press ahead with an increase to the Fraud Compensation Fund levy, which will see master trusts brunt the majority of the costs paying an extra £130mn over the next nine years, despite their members being the least likely to benefit from it, experts have warned.

Maria Espadinha | March 11, 2022

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Industry anger as new FCF levy goes ahead costing MTs £130mn

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Industry anger as new FCF levy goes ahead costing MTs £130mn

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