Delay could mean even bigger FSCS levies for brokers
The long-awaited review of the Financial Services Compensation Scheme (FSCS) is subject to indefinite delay, Insurance Times reports this week.
This latest development has led to fears that brokers could expect a further sharp increase in the levy next year.
FSA chief executive Hector Sants said the FSA was waiting for the government’s wider review of the scheme to conclude before restarting its own work on the levy.
Brokers were recently told the levy for next years is set to rise to £93.5m. Senior industry officials have slammed the delay.
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.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.
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