FSA proposes new client money levy on brokers

Brokers could be hit by FSA proposals for a new fee to pay for its beefed-up regulation of client money.

The watchdog has published a document proposing the new fee, which could also be used to supplement a new dedicated unit to oversee compliance.

The fee is not due to be introduced until 2012/13.

Click here to read the full story from this week's issue of Insurance Times.

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.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.