Biba slams FSCS over “ridiculous” levy
The British Insurance Brokers’ Association has warned intermediaries to begin to preparations for a potential 50% increase in Financial Services Compensation Scheme levies for 2011/12.
The planned increase, labelled "ridiculous" by Biba, could see the total levy on insurance brokers rise from £61m last year to an estimated £93.5m.
The body has urged brokers to adjust budgets in
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