FSCS broker levy increases to £13m for 2017/18

money

The Financial Services Compensation Scheme (FSCS) is planning to raise its levy for insurance brokers to £13m for 2017/18.

In its plan and budget for 2017/18, the FSCS noted that the levy for general insurance intermediation would increase from £8m last year.

According to the FSCS this is to cover an expected overall increase in payment protection insurance claims received during the year, if a cut-off date for submitting claims is announced by the Financial Conduct Authority.

Insurers
Meanwhile

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.

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: