'Obscene' levies squeeze broker finances
Brokers could be forced out of business as a result of huge financial demands in the shape of a £70m levy made by Financial Services Compensation Scheme (FSCS) and a significant increase in minimum Financial Services Authority (FSA) fees
Brokers could be forced out of business as a result of huge financial demands in the shape of a £70m levy made by Financial Services Compensation Scheme (FSCS) and a significant increase in minimum Financial Services Authority (FSA) fees.
The FSCS has announced that there will be a £20m interim levy imposed to cover payment protection insurance (PPI) claims from last year and that the annual levy will see a six-fold increase to £50m for 2010/11.
General insurance brokers have been hit with the
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