The FSCS is to bill 400 advisers and more than 500 fund management companies for £31m after it recalculated contributions relating to the 2010/11 levy.
The FSCS initially levied more than £110m from advisers and fund managers to meet compensation costs during the 2010/11 financial year, but some firms resubmitted data and the FSCS repaid roughly £33m last year.
The new bills are to make up for the shortfall, and FSCS chief executive Mark Neale said it would close the process.
“This has been a highly complex issue and involved reviewing scores of requests from firms to resubmit their correct tariff data,” he said. “We are pleased the issue is now closed and thank firms for their patience while we completed the process.”
Invoices will be sent out by the FSCS from January 31. Any firms with 2010/11 levy bills of less than £50 will not be sent invoices.
The FSCS said 394 investment intermediation firms and 566 investment management firms would be billed, with roughly half being charged £50-£1,000.
The scheme said 285 firms would be charged between £1,000 and £10,000, while four fund managers would receive invoices for more than £1m. Invoices of more than £100,000 will be issued to 78 firms.
