Broking Break: Your top five of the week
From networks to new offices, FSCS fees and the FCA it has been a busy week for broker news.
5) Brokers' FSCS levy comes in at £8m
The Financial Services Compensation Scheme (FSCS) has confirmed that brokers will pay a levy of £8m for the year 2016/17.
The figure is a marked drop on the £19m predicted in the indicative levy set out this January when the FSCS published its budget plans and opened a consultation. However, it reverses the position of 2015/16 when the sector paid zero towards the FSCS.
4) Global Risk Partners backs Lonmar MBO
Global Risk Partners has agreed
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