Biba slams latest FSCS interim levy
The British Insurance Brokers' Association (Biba) head of compliance and CEO-in-waiting Steve White has hit out at the latest compensation scheme interim levy.
Mr White - who was announced as Eric Galbraith's successor last week - insisted that "the fight goes on" following the Financial Services Compensation Scheme's (FSCS) decision to impose an extra £16m levy on brokers.
The levy was enforced despite the trade body having some 100 ministerial and MP meetings, 54 Financial Services Authority (FSA) meetings and 49 appointments with HM Treasury.
Insurance Age yesterday exclusively revealed the levy cost for brokers, down on the £20m previously
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