FSA fee payment scheme set for Biba members
The British Insurance Brokers Association (Biba) has negotiated a special instalment plan for its members to pay the Financial Services Authority's (FSA) fees and levies. It will partner with specialist scheme provider, Premium Credit.
The arrangement has followed Biba's input into the FSA Regulatory Fees & Levies Instalment's Working Group and will offer Biba members a specially discounted rate 0.5% lower than for non-trade association members. It will include guaranteed auto-acceptance of sums up to a specific limit, provided there have been no defaults in previous years.
Graeme Trudgill, Biba's technical and corporate affairs executive, said: "We are delighted to have negotiated a special rate for BIBA members. This is an
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