The British Insurance Brokers' Association ..

Insurance Age staff
01 Jul 2005

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The British Insurance Brokers' Association has said its members will be able to pay their regulatory levies by instalments. In an agreement with Premium Credit, Biba members can pay their levy to the Financial Services Authority, Financial Ombudsman Service and Financial Services Compensation Scheme at a rate of 9.3% APR over ten instalments. Biba and Premium Credit will administer the scheme, and guarantee to provide the service to all association members.

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