General insurers see FSCS levy increase £1m more than expected for 2019/20
The Financial Services Compensation Scheme has revealed that its levy for 2019/20 will be £532m over a twelve month period, £16m more than planned, with general insurers paying an extra £1m than anticipated.
Of the total £532m levy, £166m will be paid by general insurance providers. Over the previous nine month levy period, these insurers were required to contribute £89m.
The change to the FSCS’s January
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