CEO Steve White disappointed in possible £19m levy rise.
Steve White, chief executive officer of the British Insurance Brokers' Association (Biba), told Insurance Age that he was disappointed following the news that brokers could be facing a £19m FSCS levy...
Experts say that brokers taking on appointed representatives need to be aware of the "huge responsibility".
Businesses must have appropriate processes and supervision in place wherever the AR distribution method is used.
Biba boss highlights that with an appointed rep a firm “is lending its regulatory permission to someone else and with that lending its name”.
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