The Financial Services Compensation Scheme (FSCS) levy on brokers will be £400,000 less than initially predicted.
The initial levy on brokers will be £1.3m in 2005/2006, down from the initial prediction of £1.7m, the FSCS said.
How the levy will be apportioned between brokers has yet to be set.
The levy on insurers will be £78m, down from the initial prediction of £95m for 2005/2006. Last year the levy on general insurers was £139.7m.
The FSA said it will finalise its fees for 2005/2006 “shortly” and will issue invoices covering FSA fees, FSCS and Financial Ombudsman Service levies from June.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
