Brokers urge push back on soaring contributions as FSCS levy total poised to break £1bn
Brokers have called for the insurance industry to kick back against the increase in their Financial Services Compensation Scheme levy with the sector’s bill set to more than triple to £146.8m in 2021/22.
The general insurance distribution class will have paid £41.1m into the compensation scheme for 2020/21. Invoices for a supplementary levy of £22.9m are currently being sent out with the sector
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