FCA plans fee increase to fund £7.5mn BI test case legal bill
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Email
  • Free trial
  • Log in

FCA plans fee increase to fund £7.5mn BI test case legal bill

Samuel Casey
22 April 2021
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Email
BRITAIN-LONDON-PROROGATION SUPREME COURT

The Financial Conduct Authority (FCA) is proposing to increase the fees charged to insurers in order to fund the £7.5mn ($10.4mn) legal costs of participating in the test case over BI cover.

The regulator said that participation in the case was likely to have saved insurers and policyholders significant legal costs, as well as creating a point of legal clarity far faster than would otherwise have been the case.

A

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth
Request a free trial Already a subscriber? Log in now

Topics

News Regulation
sam casey/sam casey ii red.png
Samuel Casey
Senior Reporter
Contact
Gift this article