Martin Shaw, Chief Executive of Association of Financial Mutuals (AFM) comments on the impact of the supplementary FSCS levy on mutual insurers

Martin Shaw, Chief Executive of Association of Financial Mutuals (AFM) comments on the impact of the supplementary FSCS levy on mutual insurers

"Whilst IFAs have been very vocal in expressing concern about the impact of the supplementary FSCS levy, they did at least have the advantage of early warning.  Meanwhile mutual insurers and friendly societies have been issued demands, receiving neither notice nor explanation and being left with little time to pay." 

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