New fee rates for insurance businesses effective from 1 October 2021
Following consultation in August, we are increasing insurance business fees by 4%.
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.
Businesses will shortly receive a notification about their fee invoice via their myJFSC account.