Exclusive - New auditor angers brokers.

Recently formed intermediary auditing company The Insurance Monitoring Group has been forced to back...

Recently formed intermediary auditing company The Insurance
Monitoring Group has been forced to back down from its heavy-handed
approach following complaints from brokers.


The company has been criticised for the unprofessional way in which it
advised brokers of its intention to audit their covernote books and EDI
business. IMG sent brokers a curt and badly-worded letter which has a
spelling error in the first sentence and failed to provide a contact
telephone number or address.


Professional Broking

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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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