The JFSC have issued a consultation on the proposed fee rates for the insurance sector. A 12.5% increase is proposed, as well as the proposal to increase the fee payable for the transfer of an insurance business by £2,000 (representing a 34% increase).
The deadline for comments to the consultation proposals is 29 September 2020. The JFSC will then publish the final fees notice in October.
The consultation documents can be accessed Download the Insurance business fees consultation below :