Extra FSCS bill the ‘last thing that brokers need’: Biba
The British Insurance Brokers’ Association has hit out over an extra Financial Services Compensation Scheme bill that firms will have to pay in February.
The bill must be paid in addition to the usual annual FSCS levy. It comes as a result of the FSCS life and pensions sub-class seeing payouts over its limit, according to Biba.
Steve White, Biba CEO,
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