No levy for brokers - a victory for the workers

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Earlier this week brokers welcomed the good news that they would not have to pay a levy to the Financial Services Compensation Scheme (FSCS) in 2015/16, something that can only be described as a victory after years of paying millions of pounds to the scheme.

This is of course a very happy development for a community that has been overcharged for years. Last year brokers were charged a total of £38m to the FSCS and the year before that they paid a whopping £54m.

All despite the fact that the main