Biba: FSCS PPI levy “galling” for brokers
The British Insurance Brokers’ Association has claimed that the Financial Services Compensation Scheme an interim levy of £20m to fund failures involving the sale of payment protection insurance is “galling” for insurance brokers.
The levy is part of the FSCS' plan and budget for 2010-2011, published last week, with the additional funds to come from the insurance mediation sub-class.
Commenting on the budget, Biba chief
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