Fee projected to increase from zero in 2015/16 with overall funding levy rising to £363m.
The Financial Services Compensation Scheme (FSCS) has projected a £44m - 14% - rise in its overall funding levy for 2016/17 to £363m with brokers set to be charged £19m. Last year brokers had a zero...
Calm called for as insurers insist it will be "business as usual" and Biba pledges to represent brokers in Brexit negotiations.
Brokerbility chairman appeals for calm and says brokers need to watch how the insurers will react.
Chris Cowan at market research specialist Clusters outlines five things brokers can do to better understand their clients.
The loss of these rights could see insurers being forced to restructure and face large operational, regulatory and tax costs as they adapt to such a change.