In its five-year business strategy Vision for a Confident Future, the FSCS said it planned to be more open, accountable and transparent to levy-payers.
It pledged to facilitate easy access to its performance indicators and other information that would allow firms to review its performance.
Firms will also receive more advance information about the potential impacts of business failures and get better signalling from the FSCS about future levies.
The scheme this week set out its plan and budget for 2014-2015. Investment advisers are expected to contribute some £105m of the £313m the FSCS anticipates it will shell out on compensation and other costs.
This figure is up 34% on last year’s £78m annual levy, though investment advisers were also required to share the cost of a £30m interim levy in 2013-2014.
The business plan also outlines the FSCS’ commitment to maximising recoveries from failed firms to offset the cost of their failure.
“We know the industry expects FSCS to show financial discipline and a commitment to value for money,” its report read.
“We share this view. We will be clear about what we’re trying to achieve and the most efficient way of achieving it.
“Clear performance indicators will underpin this and reveal our progress. This is part of our commitment to operate as efficiently, effectively and transparently as possible.”
The FSCS said it will work with regulators to deal with any future changes to its funding model.
As well as its impact on investment advisers, the FSCS’s plan and budget for 2014-2015 also revealed life and pension intermediaries will pay £40m, three times as much as last year, following an increase in claims about pension products such as self-invested personal pensions.
