European issue.

Whilst discussions currently concentrate on the suitability of the IIB to administer the IBRA, we sh...

Whilst discussions currently concentrate on the suitability of the
IIB to administer the IBRA, we should not lose sight of the government's
objective which is for a self-regulatory regime to be operated by the
insurance industry. I think most would agree the current act had become
out of line with current market practice and conditions.


The government's move to self-regulation appears to be at variance with EC
law. Our company recently learned of an international motor manufacturer
who was fined

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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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