£300m broker levy "affordable", says FSA
The proposal to double the threshold for claims within the Financial Services Compensation Scheme to £300m for the general insurance broking sub-class was based on the "affordability" of the figure rather than on the likelihood of high-value claims.
Sheila Nicoll, director of conduct policy at the Financial Services Authority, said that increasing the threshold to £300m for brokers is necessary and affordable.
She told Post: "The question is can
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