Slack dismisses warning of £75m shortfall as 'fantasy'.

Mike Slack, chairman of the Association of Insurance Intermediaries & Brokers, has dismissed The Bro...

Mike Slack, chairman of the Association of Insurance Intermediaries &
Brokers, has dismissed The Broker Network's claim that there are serious
problems with client accounts in the independent intermediary sector.


At the Broker Network's annual conference last month, its managing
director Grant Ellis told delegates that as part of its audit of potential
members, the company had looked at the client accounts of 120 independent
intermediaries and found them to be "significantly underfunded" - the
aver

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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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