Sector expected to pay £9.5m towards management expenses in 2016/17, up from £6.6m for 2015/16.
The Financial Conduct Authority (FCA) has proposed a Financial Services Compensation Scheme (FSCS) management expenses levy limit (MELL) of £72.7m for the 2016/17 financial year, with £9.5m to be paid...
Henderson strikes second deal of 2016.
However the firm sees cash balances fall from £2.1m to £1.6m following payments to the FCA and HMRC.
Company confirms push for telematics and app based business.
Fresh speculation was sparked that company had been circled by private equity firms and overseas insurers.