FCA levy increases for brokers and insurers
Regulator raised total funding requirement by £14.3m.
The Financial Conduct Authority (FCA) has increased the levy for the general insurance mediation sub-class, to £25.9m for 2014/2015.
This is a 3.2% increase on the £25.1m fee charged in 2013/2014.
General insurers saw an identical jump in their levy, from £22.1m to £22.8m.
The watchdog’s total annual funding requirement (AFR) for 2014/2015 is £446.4m, up £14.3m on the total for last year.
The FCA stated: “Although there was some recognition that the 3.3% AFR increase was relatively modest
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