ABI at odds with Biba over FSCS funding model
It comes after the British Insurance Brokers' Association gave the new rules a "cautious welcome".
However, in a statement the ABI said: "It is not reasonable to expect the insurance industry to bear a cross-subsidy on FSCS levies to cover failures in different parts of the financial services sector.
"We generally welcomed last summer's proposals by the FSA for a new levy basis to be applied for the new Prudential Regulation Authority and Financial Conduct Authority, but the current proposals
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