News in Brief

The British Insurance Brokers' Association (Biba) has announced that its Private Medical Insurance Group will broaden its remit to include areas such as income protection, critical illness and group life insurance in addition to private medical insurance. The group will change its name with immediate effect to the Health Insurance Focus Group. Biba has invited large, medium and small members that are involved or specialise in healthcare insurance issues to join to reflect the group's new focus

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FSCS gives first insight on increasing levy to £394m

The Financial Services Compensation Scheme has indicated its levy for 2025/26 will rise to £394m from £265m this financial year as it cited having lower surpluses to carry forward and offset bills – a factor that has benefited brokers for two years in a row.

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