This figure is £71m more than it forecast in its Plan and Budget 2018/19 in January and includes management expenses of £72.7m.
The FSCS has set aside £10m to pay for claims against a number of independent financial advisers.
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Mark Neale, chief executive at the FSCS, said: “The levies announced today provide for the steady increase in claims and compensation costs related to retirement saving.
“Risks rise as people make increasingly complex choices about the investment of their pension pots, even where investors take the sensible step of taking independent professional advice.
“Many claims reflect bad advice to transfer pension savings from occupational schemes into Self-Invested Personal Pensions, usually with a view to invest in illiquid and risky unregulated products.”
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