Brokers facing further FSCS levy hikes


The Financial Services Authority (FSA) set the 2012/13 Financial Services Compensation Scheme (FSCS) levy for the general insurance intermediary sector at £36m in its outlook last year.

This was a revision of the indicative levy of £57m previously announced, which the FSCS said was mainly because of a decline in the number of payment protection insurance (PPI) claims it expected to receive in the coming months, compared to expectations earlier in the year.

However, last month the government body

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: