Financial Compensation Scheme (FSCS)

How to... prepare for an interview

Once you’ve secured that all important interview, remembering the motto ‘failing to prepare is preparing to fail’ will hold you in good stead. However how do you do it well and what are your interviewers likely to be looking for?

PPI bill could hit £4bn

Jonathan Evans MP has raised the prospect that the overall liability for payment protection insurance (PPI) mis-selling could reach £4bn.

New broker regulator gets backing from FSCS

The Financial Services Compensation Scheme (FSCS) has put its weight behind the decision to make the body accountable to both the new Financial Conduct Authority (FCA) and the Prudential Regulatory Authority (PRA).

Biba demands action from regulator on FSCS

Eric Galbraith, chief executive of the British Insurance Brokers’ Association (Biba), has called on the Financial Services Authority (FSA) to accelerate its fundamental review of the Financial Services Compensation Scheme (FSCS).

PPI complaints surge again

The Financial Ombudsman Service (FOS) has revealed that payment protection insurance (PPI) complaints rose to 24,955 for the period October to December last year, up 17% from the previous three months.

Biba hits out at FSCS levy rise

The British Insurance Brokers’ Association (Biba) has hit out at this year's over 50% increase in the Financial Services Compensation Scheme (FSCS) levy.

Brokers hit by further FSCS levy rise of over 50%

The Financial Services Compensation Scheme (FSCS) has announced that the general insurance mediation sub-class will have to contribute £93.5m in 2011/12 a 57% increase over last year’s levy (2010/11: £59.6m).

Editor's comment - February 2011

As you are no doubt aware from this month's cover story, brokers are facing another year of heavy, heavy levies from the Financial Services Compensation Scheme (FSCS).

The interview: The charisma in compliance

When Steve White joined Biba in 2004, he brought with him a unique understanding of the application of FSA rules to insurance broking. He has since gone on to be crowned Compliance Personality of the Year 2010. Liz McMahon reports

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