Brokers and insurers hit with 3.2% FCA levy hikes
Both general insurers and brokers will have their fees to the Financial Conduct Authority hiked for the next financial year.
General insurers will pay £22.8m in fees to the FCA for 2014/15, up 3.2% from £22.1m this year, while brokers will pay £25.9m, up from £25.1m for 2013/14.
The FCA's total annual funding requirement
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