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.
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