IIB welcomes FSCS review


The chief executive of the Institute of Insurance Brokers (IIB) has welcomed confirmation that the Financial Services Compensation Scheme (FSCS) will be reviewed.

As reported on broking.co.uk, the Financial Services Authority (FSA) has confirmed the scheme will be looked at.

The British Insurance Brokers' Association (Biba) said the review was a result of its ongoing lobbying.

However, Ms Bradshaw pointed out that the IIB had raised issues about the FSCS years ago and was heavily involved in

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