Financial Compensation Scheme (FSCS)
FSA confirmed to discuss the FSCS
The Financial Service Authority is set to discuss the future and funding of the Financial Services Compensation Scheme at an All Party Parliamentary Group on Insurance and Financial Services meeting.
Interview - Jonathan Evans MP: APPG - priorities, progress and provocations
Chairman of the All Party Parliamentary Group on Insurance & Financial Services Jonathan Evans talks to Mairi MacDonald about the group's priorities, progress and provocations.
Biba to continue petition despite FSCS fee reductions
The British Insurance Brokers' Association is to petition the House of Commons, raising its concerns about the funding model of the Financial Services Compensation Scheme.
Biba petitions House of Commons on FSCS funding model
The British Insurance Brokers’ Association has launched a member petition to be tabled in the House of Commons on the Financial Services Compensation Scheme.
FSA to debate FSCS fees after industry pressure
Jonathan Evans MP has confirmed the Financial Services Authority will discuss Financial Services Compensation Scheme fees with MPs, following pressure from the insurance industry.
FSCS reduces annual levy by £23m
The Financial Services Compensation Scheme has confirmed its proposed levy for 2011/12 at £217m.
Aggregators join ABI and Biba in fraud fight - Insurance News Now – 7 April 2011
Post reporter Amy Ellis outlines this week's major general insurance stories including how aggregators have teamed up with the Association of British Insurers and the British Insurance Brokers’ Association in a bid to fight fraud.
MPs call on government to start review into the FSCS
Alan Meale, Labour MP for Mansfield and Mark Durkan MP for Foyle, have called on the government to immediately begin its promised review of the FSCS.
Editor's comment: hard work starts here
The British Insurance Brokers' Association must be feeling pretty vindicated and pleased with itself right now — and justifiably so.
Disappointment over 10% increase in FSA funding
The insurance market has expressed disappointment at a 10% increase in the Financial Services Authority's funding requirements during 2011/2012.
Biba stands firm on call for FSCS funding changes
The British Insurance Brokers' Association has reiterated its call for a change to the Financial Services Compensation Scheme funding rules before April 2012, after an MP warned the final figure for payment protection insurance mis-selling compensation…
Post Magazine – 17 March 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Disease claims - mesothelioma: minimising costs while maximising speed
Mesothelioma claims are not set to peak until at least 2015. David Wynn details what insurers should be doing now to minimise their cost burden, while maximising speed of settlement.
Interview – Peter Halpin: keeping Swinton on the acquisition track
Swinton CEO Peter Halpin had a lot to live up to - following, as he did, in Patrick Smith’s footsteps. He talks to Leigh Jackson about taking the company forward and continuing its impressive acquisition record.
Biba to take FSCS fight to the House of Commons
The British Insurance Brokers' Association, the Association of Independent Financial Advisers and the Association of British Insurers are set to discuss Financial Services Compensation Scheme levies at the House of Commons next week.
News analysis - regulation: Questions over reform
The latest consultation paper over regulation reform has left many questions unanswered. Amy Ellis talks to industry figures to find out more.
Fees hike will trigger job losses, Biba warns
The British Insurance Brokers’ Association has called for its members to write to their MPs regarding the escalating costs of Financial Services Compensation Scheme fees.
Biba accuses regulator of ignoring broker concerns over fees
British Insurance Brokers’ Association chief executive Eric Galbraith has called on the Financial Services Authority to accelerate its review of the Financial Services Compensation Scheme.
Medical intermediaries condemn 57% rise in FSCS fees
The Association of Medical Insurance Intermediaries has condemned the proposed 57% increase in this year’s Financial Services Compensation Scheme levy as "unfair, excessive and totally inappropriate".
Biba calls for intermediary split after shock FSCS hike
Insurance brokers have reacted angrily to Financial Services Compensation Scheme proposals to increase their fees to more than £90m for 2011/2012.
Biba slams FSCS over “ridiculous” levy
The British Insurance Brokers’ Association has warned intermediaries to begin to preparations for a potential 50% increase in Financial Services Compensation Scheme levies for 2011/12.
Nationals call for FSA talks as Towergate seals £200m deal
Chief executives from some of the UK's largest brokers have called for a meeting with the Financial Services Authority to discuss concerns over the increasing level of intervention in compliance issues by the regulator.
FSCS increases broker levy fees
The Financial Services Compensation Scheme has increased its total levy on insurance brokers from £61m to an estimated £93.5m for 2011/12.
FSCS launches consumer confidence programme
The Financial Services Compensation Scheme has unveiled a new programme to boost consumer confidence in financial services products.