Broker contributions to FSCS slashed as forecast levies are revised down
The Financial Services Compensation Scheme has issued final levies for 2022/23 of £5.3m for brokers and £211.7m for insurers, down significantly on initial estimates.
The FSCS had indicated in its November forecast that the general insurance distribution class containing brokers would have to pay £67.7m while the GI provision class would pay £263.8m.
It means that
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