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Lib-Con targeted FSA to recruit 460 more staff

fsa-building

The Financial Services Authority has confirmed that its annual funding requirement for 2010/11 is £454.7m following a consultation.

In a report published today the FSA said: "This will enable us to fund the resources required to meet our strategic objectives, as set out in the summary 2010/11 business plan included in CP10/5, to

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Storm damage claims test insurers’ settlement choices

A year of severe storms has strained repair networks and claims operations, which Ben Blain, head of property at Verisk Claims, points out has placed insurers’ settlement decisions, data oversight and ability to evidence fair customer outcomes firmly under the regulatory spotlight.

How should success of FCA’s response to Which be judged?

The effectiveness of the Financial Conduct Authority’s regulatory action in response to Which’s super-complaint about home and travel insurance is reflected in smoother claims handling, not in the number of reviews or fines, according to Claire Massey, founder of Claim Guardians.

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