No FSCS levy for brokers in 2015/16
Scheme mentions falling claims and higher opening fund balance as reasons for brokers not to be charged.
General insurance brokers will not have to pay a levy to the Financial Services Compensation Scheme (FSCS) in the 2015/16 financial year, according to preliminary calculations.
Brokers paid a £38m levy in the 2014/15 financial year.
The scheme said that the reason brokers are not expected to be charged a levy is because of expected falling claims volumes and a higher opening fund balance in the sector.
Review
According to the FSCS plan and budget, financial services firms are expected to be
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