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Bryanston creditors get 12% increase says PwC

The scheme administrator of run-off insurer Bryanston Insurance Company Paul Evans, has raised the payment percentage a further 12% to 59%. This further raise sees creditors benefit from a substantial increase on the initial 10% of established liabilities set in 2004.

Paul Evans, Bryanston scheme administrator, PricewaterhouseCoopers said: “The latest dividend payment is expected to be the last significant increase in payment percentage which sees creditors

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FCA vows to keep pressure on premium finance APRs

The Financial Conduct Authority has said it will “continue to put pressure” on companies offering premium finance in a bid to continue lowering annual percentage rates after revealing the impact its enforcement action has had so far.

FCA’s Knight insists CPD changes are not a relaxation

The Financial Conduct Authority’s decision to ditch its 15-hour-per-year continuing professional development requirement for insurers should not be viewed as a relaxation of standards, according to the regulator’s director of insurance, Chris Knight.

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