Pauline Quayle.

Millennium compliance is easier said than done, especially for smaller brokers. The large insurers and software houses should also face up to their responsibilities.

The word 'millennium' seems to be on everyone's lips. The race is on
for businesses to get their act together and ensure that they are
prepared. It has been said that many insurers and brokers are still moving
too slowly to guarantee year 2000 readiness. This is easier said than
done, and much harder for smaller brokers to achieve than the larger ones.
Unlike the larger brokers and insurance companies, we do not necessarily
have the luxury of specific working parties. We have to find our own
resour

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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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