Biba concerned with FSCS funding changes
The funding changes become effective from 1 April 2008.
Last week, the Financial Services Authority (FSA) confirmed future funding arrangements for the FSCS which expanded the overall capacity of the scheme up to a maximum of £4.03bn per year. For general insurance intermediaries that level is £195m, a significant increase on previous funding requirements for the FSCS.
Biba said in a statement that it believed this level was disproportionate in comparison with insurance company threshold and
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected].
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Regulation
Most read
- Michael Gove slams "neither fair nor decent" high premiums for leaseholders
- Aviva enters exclusive discussions to buy Azur’s HNW operation
- RSA re-jigs leadership team to bring customer operations and claims together
- Blog: Nine ways to reduce risk in tech firm contracts
- FCA speeds up permission removal process
- Aviva halfway to regional underwriter recruitment target
- Aviva grows UK GWP by 4% in Q1