Brokers challenge FCA over proposed fee hike amid Covid-19 pandemic

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

Brokers have reacted with disappointment to the Financial Conduct Authority’s (FCA) fee hike, Insurance Age has found.

The regulator revealed yesterday (7 April) that it is seeking to raise £29.9m from general insurance mediation firms in 2020/21, a rise of 3% over the previous financial year.

The FCA is also proposing to increase authorisation application fees from £1,500 to £2,500 for general insurance distribution firms.

An open consultation on the proposals is running until 19 May 2020.

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 [email protected].

You are currently unable to print this content. Please contact [email protected] to find out more.

You are currently unable to copy this content. Please contact [email protected] to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

To continue reading...

Sign In

Access Insurance Age

You are currently on corporate access.