FSCS financing under renewed attack

The Financial Services Authority (FSA) is facing criticism for its decision to retain the existing limits on payments to consumers by the Financial Services Compensation Scheme (FSCS) and the Financial Ombudsman Service (FOS).

The Financial Services Consumer Panel said there were strong arguments for the removal of limits on compensation payments altogether.

John Howard, the chairman of the panel, said that consumers who lose out through mis-selling or the collapse of an FSA-regulated firm

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: