Insurance Age blog: FSCS - what would Darwin say?
It seems that there isn't a day goes by without someone mentioning the FSCS and its dreaded levies. And quite right too as it has put many brokers under unnecessary, added pressure.
There have even been suggestions that the burden of the levies will force some brokers out of business. It is alarming that an arbitrary accounting decision made somewhere in Canary Wharf can have such a devastating impact on the insurance broking community.
But it got me thinking about the market and its forces. Will this cost, which roughly speaking is calculated as a percentage of eligible business, simply force some of the underperforming brokers out of the business? If a broker cannot
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