EU in on the insurance act.

The EU's recently-published directive on insurance mediation will add legitimacy to the GISC. It will also create a level playing field for brokers and intermediaries.

Just as all political eyes were turned towards various seaside
resorts for the party conference season, it was Brussels where the real
action was as far as the insurance industry was concerned.


After years of talk, the European Commission has published a directive on
insurance mediation. This now has to pass through the European Parliament
and the Council of Ministers, but it is not thought to be politically
contentious and so could be passed by the end of the year. However, never
underestimate the

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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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