Insurers to pay less to FSCS
General insurers' prospective levy from the Financial Services Compensation Scheme will drop by £40m in 2005/6, according to the body's new business plan. Insurance intermediaries will be required to contribute £1.7m to the pot.
The FSCS published its new business plan today, with insurers coming off the best after their contribution was cut from £135m to £95m (predicted) for the 2005/6 year of account.The total financial
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