FSCS projects no interim levy this year

Cash in hand

Further good news for brokers following £0 annual levy for 2015/16.

The Financial Services Compensation Scheme (FSCS) has confirmed that it is unlikely to ask brokers for an interim levy to cover costs this year.

In an industry newsletter, Mark Neale, chief executive of the FSCS reported that following analysis "I'm pleased on this occasion to be able to say that we do not currently expect to have to raise a supplementary levy this year on any sector of the industry".

Neale accepted that "uncertainty is an intrinsic feature" of the "pay-as-you-go" funding system

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

Applied updates on commercial push

Applied Systems has confirmed Arch Insurance is about to enter the pilot phase of onboarding and will be live on the Applied Epic broker management system in April, with Iprism and Ark to follow and more promised in 2024.

GIC completes Miller deal

Institutional investor GIC has completed the takeover of Miller, buying out previous co-investor private equity house Cinven.

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: