Could you spend over £600,000 on tea and biscuits in one year?

[stevewhite]

BIBA has posted an FAQ document on our website, setting out what has happened with the FSCS since 2005 and detailing what happens next. This can be found at http://www.biba.org.uk/BrokerContent...ContentID=1667

Whilst we are unable to influence the size of this year's fees and levies demand, there are three things that firms can do to help for the future:

1) Make sure you are not being overcharged by checking Section J of your RMAR and ensuring that you submit a tailored income. Our document gives guidance on how that can be done.

2) When the FSA issue their consultation paper later in the year, make sure you read it and formally respond to the questions it will ask.

3) As part of your reply, you might want to tabulate details of the FSA fees and levies you have paid since 2005. This will be particulartly useful if you decide to write to your MP.

Steve White - BIBA