FSCS rules out interim broker levy for 2009/10
The Financial Services Compensation Scheme has ruled out a multi-million pound interim levy on insurance intermediaries this financial year in favour of introducing a £61m levy in 2010/11.
The levy will mainly cover the costs of payment protection insurance claims and is part of the FSCS £148m general levy for the next financial year.
FSCS interim chief executive Alex Kuczynski said:
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