IIB 'delighted' with FSCS funding review decision
The Institute of Insurance Brokers (IIB) has welcomed news that the Financial Services Authority (FSA) is to restart its funding review of the Financial Services Compensation Scheme (FSCS).
Barbara Bradshaw, CEO of the IIB, said the professional body was “delighted” with the decision.
Ms Bradshaw said: “We were very disturbed when the FSA put back the review the first time round, but we’re very pleased that they’re going to start it up again.
“At the moment brokers are paying for the mistakes of other people outside of the sector and all we want is to have apples in the same barrel – not apples and pears.”
She warned, however, that the review would not stop the FSCS payments that
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