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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