JFSC regulatory fees for insurance to increase by 4% from 1 October 2021

Following consultation in August, the JFSC is increasing insurance business fees by 4% with effect from 1 October 2021

This increase is made up of:

  • A 3.5% increase in line with inflation (RPI of 3.5% in June 2021); and
  • A 0.5% increase as a contribution towards our liquidity reserves.

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