Regulators consult on FSCS management expenses levy limit 2025/26

The FCA and PRA are consulting on proposals for the Management Expenses Levy Limit (MELL) for the FSCS in 2025/26.

The regulators propose the MELL for 2025/26 will be £108.6m, consisting of:

• the FSCS management expenses budget of £103.6m; and
• an unlevied reserve of £5m.

This proposed MELL is £0.5m higher in nominal terms than the 2024/25 figure, but lower in real terms, due to the FSCS absorbing some inflation costs. The MELL will apply from 1 April 2025 – the start of the FSCS’s financial year – until 31 March 2026.

The consultation closes on 7 February 2025.