FCA defends costs in relation to EU counterparts
The Financial Conduct Authority has disputed its costs are significantly more than other European Union regulators after a critical response from an insurance trade body to its fees and levies for 2015/16.
In its policy statement released yesterday, 23 June, the FCA confirmed it is increasing fees for insurers and brokers by 8.5% for the 2015/16 year. It published its proposed fee increases in March.
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