Insurance Post

Insurers in the dark over how pensions deficit input will impact levies

tax-burden

Insurers are unlikely to find out how much of an impact a £200m pensions deficit left over from the Financial Services Authority will have on their individual levies, in spite of changes to plans that will see them contribute more.

The regulator generated the deficit through a final salary pension scheme that sources described as "overly generous" in its assumptions of longevity and the likely pay schemes of staff.

"The funding

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