Light at the end of the FSCS levy tunnel for brokers?

light-end-of-tunnel

Brokers were given a welcome surprise last month in the form of a reduction in the Financial Services Compensation Scheme (FSCS) levy for 2014/2015.

The government body reduced the cost for insurance intermediaries to £38m, down from the indicative levy, forecast in January of this year, of £62m. The total levy was reduced from an indicative figure of £313m to £276m.

Drop in PPI claims

Mark Neale, chief executive at the FSCS, said the reduction was due to a predicted downward trend of payment pr

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: