Financial Compensation Scheme (FSCS)
FSCS monitoring Gable
Regulator notes that Gable is still paying claims and confirms it has not yet declared the firm in default.
Biba urges Enterprise brokers to provide liquidator with policy details
Biba warned that there was little time for brokers to make alternative arrangements for clients. The provisional liquidator is set to go to the Gibraltarian courts on 26 October.
FSCS warns Enterprise customers to find new cover
The scheme has urged brokers with customers who have Enterprise Insurance motor policies to contact them about new cover.
Enterprise: FSCS says “first obligation to meet live claims”
Regulator says it is looking at a number of options in relation to the collapsed Gibraltar insurer Enterprise.
Biba acknowledges positive news on FSCS
Trade body criticises “fundamentally unfair” aspect of the compensation scheme.
Brokers’ FSCS levy comes in at £8m
Organisation confirms total levy of £337m.
FCA, FOS, FSCS branded “not fit for purpose”
MPs raise Early Day Motion in Parliament.
Biba calls on FSCS to change its model
CEO Steve White disappointed in possible £19m levy rise.
Brokers face £19m FSCS levy hit for 2016/17
Fee projected to increase from zero in 2015/16 with overall funding levy rising to £363m.
Broker FSCS management fees to increase
Sector expected to pay £9.5m towards management expenses in 2016/17, up from £6.6m for 2015/16.
FSCS projects no interim levy this year
Further good news for brokers following £0 annual levy for 2015/16.
FSCS CEO says its funding should reflect risks
Mark Neale says funding is an area next year's FCA review should look at.
MPs anger over FSCS fee collection reform failure
MPs demand answers on how the Financial Services Compensation Scheme can change how it collects fees.
No levy for brokers - a victory for the workers
There has finally been an exciting development regarding FSCS levies. Brokers won't be charged this year!
Biba: No levy for brokers is very good news
The trade body says brokers have previously been paying too much and that the model needs reworking.
No FSCS levy for brokers in 2015/16
Scheme mentions falling claims and higher opening fund balance as reasons for brokers not to be charged.
FCA consults on FSCS management levy
FCA proposes management costs of £74.4m for Financial Services Compensation Scheme.
Ombudsman freezes levy
Regulator reveals plans for 2015 and fees for FCA-regulated businesses.
FSCS steps in following Balva liquidation
Compensation authority in talks with liquidator.
FSCS GI provision payout increased by £10m in 2013/2014
Fund saw decline in PPI claims.
Biba 2014: research shows UK brokers have the most expensive regulatory regime
Costs are five times higher than France and Germany.
Editor's letter - May 2014
“To me it all still adds up to good news. Growth opportunities are there but will be hard won”
Light at the end of the FSCS levy tunnel for brokers?
Industry opinion split over long-term trend after unexpected levy reduction
FSCS expected to cover "vast majority" of Eric customers' claims
Scheme working with Eric resolution board to assess position of UK policyholders.