Financial Compensation Scheme (FSCS)
Biba outlines 2011 manifesto
Regulation will top the agenda in 2011, as the British Insurance Brokers' Association prepares its annual manifesto for the new year.
Biba vows to fight on despite FSCS review delays
The British Insurance Brokers’ Association has vowed to lobby hard for an overhaul of the funding of the Financial Services Compensation Scheme after the Financial Services Authority delayed its consultation on the issue.
Regulation - Life after the FSA: New beginnings
With the coalition government now set to see through its promise to abolish the FSA, Leigh Jackson reports on the possible consequences for the broking sector.
Quinn UK ban ‘positive’ for prospective buyers
The decision not to allow Quinn Insurance to re-enter the UK commercial lines market is a positive step for its potential sale and the rest of the UK market, according to observers.
FSCS says two thirds of £204m payouts are for PPI
In its annual report and accounts for 2009/10, published today (22 July), the Financial Services Compensation Scheme reports that it has paid more than £204m in compensation to over 21 000 claimants.
Interview - Glynn Keeling: Out from under the radar
With a high-profile Ebay affinity deal recently signed, Leigh Jackson met Autonet managing director Glynn Keeling to talk about the firm's foundations and its future plans.
Insurance brokers under threat from huge increase in cost of regulation
The British Association of Insurance Brokers said that the recent invoices received by members from the Financial Services Authority for the 2010-11 fees and levies have highlighted the inequality of the current funding of the Financial Services…
Eight-fold fee hike slammed
The British Insurance Brokers' Association has urged members to take an active role in an upcoming consultation of Financial Services Compensation Scheme levies to help reduce the burden of fees on intermediaries.
ABI levy 'disappointment'
The Association of British Insurers has revealed its disappointment at the Financial Services Authority's regulatory fees and levies for the next financial year.
FSA to consult on FSCS changes
The Financial Services Authority has today issued a consultation paper that includes proposed Handbook changes in relation to financial stability and market confidence.
FSCS to help consumers claim up to £50 000 in compensation
The Financial Services Compensation Scheme has declared in default that consumers could claim up to £50 000 if they have lost money as a result of their dealings with any investment firms.
Someone to watch over me
If the FSA's plans to create a consumer protection committee go ahead the insurance industry may find itself under intense scrutiny, writes Daniel Dunkley.
FSCS cuts levy
The Financial Services Compensation Scheme has ruled out a multi-million pound interim levy on insurance intermediaries this financial year, in favour of introducing a £61m levy in 2010/2011.
Biba cautious over FSCS announcement
Chief executive Eric Galbraith calls for compensation funding model to be addressed.
FSCS rules out interim broker levy for 2009/10
The Financial Services Compensation Scheme has ruled out a multi-million pound interim levy on insurance intermediaries this financial year in favour of introducing a £61m levy in 2010/11.
IIB disappointed with “bleak” FSA fee and levy proposals
The Institute of Insurance Brokers has revealed its disappointment with the FSA’s proposals to change its fee structure and increase Financial Services Compensation Scheme levies for 2010/11.
Biba: FSCS PPI levy “galling” for brokers
The British Insurance Brokers’ Association has claimed that the Financial Services Compensation Scheme an interim levy of £20m to fund failures involving the sale of payment protection insurance is “galling” for insurance brokers.
FSCS predicts increase in PPI compensation claims
The Financial Services Compensation Scheme has forecasted an increase in payment protection insurance compensation claims for the rest of the financial year and into 2010/11 - which could increase the levies on insurance firms.
FSCS appoints new chief executive
The Financial Services Compensation Scheme has appointed Mark Neale as its new chief executive
IIB backs FSCS review
FSA review good news for brokers declares Barbara Bradshaw, chief executive of the Institute of Insurance Brokers.
FSCS director Clark steps down from role
The director of claims at the Financial Services Compensation Scheme, Jonathan Clark, has stepped do...