Insurance brokers under threat from huge increase in cost of regulation
The British Association of Insurance Brokers said that the recent invoices received by members from the Financial Services Authority for the 2010-11 fees and levies have highlighted the inequality of the current funding of the Financial Services Compensation Scheme.
Eric Galbraith, Biba chief executive, said: "Biba has been inundated with calls from members who are incensed and ready for a fight. The increase in the FSCS levy on intermediaries is totally
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