News

FSCS to crank up supplementary levy to accommodate for firm failures

By 2020-11-27T07:38:00

uk money, coins

The general insurance distribution class retail pool will need to stump up an extra £29m, for example

The Financial Services Compensation Scheme (FSCS) has confirmed that brokers and insurers will need to contribute to a supplementary levy in order to help raise £92m of additional funding for its life distribution and investment intermediation (LDII) class.

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