Biba urges brokers to budget for £21m FSCS levy
The broker trade body has admitted that a previously reported further £21m levy from the insurance intermediary sub-class is imminent.
And it has urged brokers to start budgeting now for the new levy which would be about 55% of brokers' previous 2012/13 FSCS regulatory bill.
In his most recent Biba member update, chief executive Eric Galbraith wrote: "With every likelihood that an interim FSCS level will hit brokers in the coming months, members should be budgeting for a potential level of up
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected].
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Broker
Most read
- Stephanie Smith, Allianz COO, to exit
- Zurich unveils flood resilience initiative
- Video Q&A: Hiscox's Andrew Cheney on underinsurance in HNW
- Ardonagh reshuffles senior team
- AbbeyAutoline strives for growth in commercial
- Gibraltar regulator denies accusations from MCE
- Protesters target Convex over coal