LIVERPOOL wealth management group Rathbone Brothers revealed yesterday that it must pay a £3.6m levy to help repay investors in several failed financial institutions, including Keydata Investment Services.
Firms in the financial sector have been asked to pay a levy, based on their annual income, to the Financial Services Compensation Scheme (FSCS) to compensate investors facing losses from the failure of companies or intermediaries.
The FSCS is seeking to recover around £340m from the industry to cover current claims.
