No let-up in FSCS levy burden for next two years


The warning came as the Financial Ombudsman Service (FOS) revealed that it expected to see 68,000 new payment protection insurance (PPI) cases submitted in the year to 31 March, an almost 40% increase on last year. It had previously predicted an 8% rise to 46,000. The FOS added that while its central forecast for 2011/12 was 60,000, the top end of the range would see 72,000 new PPI cases.

While distinct from the levy, the high level of expected activity indicates that brokers would be unlikely

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 copy this content. Please contact in[email protected] to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

If you already have an account, please sign in here.

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: