Brokers' FSCS levy will climb to £58m

Graphic showing rise in money

As part of its Plan and Budget: 2013/14 - which provides early assumptions about future claims and indicative levy estimates - brokers will be forced to stump up £58m. 

The FSCS confirmed that, following increased speculation, the 2012/13 interim levy will be £20m, meaning brokers will have paid £56m for the year in total.

The British Insurance Brokers' Association (Biba) has lobbied the Financial Services Authority (FSA) to separate brokers from other intermediaries, such as credit brokers

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 copy this content. Please contact [email protected] to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

If you already have an account, please sign in here.

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: