FSCS postpones retail pool contribution in levy update
Biba welcomes the move as brokers were previously expected to contribute £60.9m to the retail pool for the financial year 2021/22.
Insurance brokers will no longer be asked to provide a significant contribution to the Financial Services Compensation Scheme’s (FSCS) retail pool for the 2021/22 financial year.
The FSCS said in an update published on 11 November that it would not be calling for a supplementary levy or invoicing the retail pool this financial year.
Its latest forecast for the 2021/22 total levy is now £717m, which has been revised down from £833m. The total levy was previously expected to include £116m for
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