Time to fight the FSCS good fight for brokers

Andrew Pearce

For the brokers who have tried to blank the painful proposition from their minds, in July the FSA presented yet another 50% rise in the financial cap for brokers' sub-class.

It was the equivalent of pouring more salt into the proverbial wound, following the 50% levy rise implemented in February 2011.

Industry figures have long argued that insurance brokers should be separated from other intermediaries such as credit brokers in the FSCS' funding structure.

They have disputed the proportion of th