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The ONLY fair way for the FSCS to go is a product levy, graded on the measured risk for that class of business, and possibly graded too on the distribution channel.

Thus home insurance may be generally low risk, but certain avenues (e.g. banking) have a poor mis-selling record, so the levy should be more for home products bought through that channel.

Perhaps BIBA should consider a Judicial Review of the FSA on this matter?

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