FSCS confirms no broker levy for 2025/26
The Financial Services Compensation Scheme has confirmed there will be no 2025/26 levy for the general insurance distribution class in which brokers sit.
The FSCS predicted in November that brokers would stay at a zero annual contribution.
The organisation previously slashed the broker sector’s levy to nil in 2023/24 and kept it there in 2024/25.
The latest update came with the FSCS stating it is not expecting any new firm failures from the cohort and is continuing to see a decrease in payment protection insurance claims “which remain the main claim type in this class”.
RelatedFSCS gives first insight on increasing levy to £394mThe general
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