ABI shows its teeth in agency cancelling.

A total of 40 independent intermediaries have had their agencies cancelled for failing to complete a...

A total of 40 independent intermediaries have had their agencies
cancelled for failing to complete an Association of British Insurers' code
compliance form, first mailed to them back in December 1996.


Professional Broking reported last month (page 3) that 61 intermediaries
had been sent cancellation notices by the 48 insurers participating in the
ABI's third party monitoring for ignoring two reminders and a final demand
to complete the ABI's review form.


It transpires that 21 of the 61

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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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