UK FSCS levies brokers an additional £5mn

General insurance brokers will pay £5mn ($6mn) more in UK
Financial Services Compensation Scheme (FSCS) levies than
originally forecast, the body announced today.
The total levies for general insurance brokers will be
£18mn for the 2017/18 period, up from the £13mn forecast
in January.
"Following the Financial Conduct Authority's
announcement of a two-year cut-off for PPI claims and the
surrounding publicity that can be expected to continue, we expect
an increase in such claims