Budget rise of 7.1%
In the FSA’s business plan for the coming year, published this week, it discloses that its budget will rise by a hefty 7.1% compared to last year, leading to an inflation-busting 6.9% increase in the total fee burden on regulated firms.
Chief executive Hector Sants seems unconcerned about the rather large hike in fees. “Given the increased risks with which the FSA has to deal, [I believe] it will be supported by our fee-payers,” he says optimistically.
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.
