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UK’s Financial Services Compensation Scheme

Regulation

APFA: FSCS funding model better for advisers in long term

The Association of Professional Financial Advisers (APFA) has said it hopes a new approach to funding the Financial Services Compensation Scheme (FSCS) will mean lower overall contributions from advisers in the long term.

clock 23 January 2014 •

Regulation

FSCS's new funding proposal would add millions to advisers levy

Advisers could face a higher levy from the Financial Services Compensation Scheme (FSCS) under proposals for a new funding model.

clock 04 July 2013 •

Regulation

Biba "very concerned" about proposed FSCS cap rise

The British Insurance Brokers' Association (Biba) has raised concerns about the proposal to increase the financial cap on brokers' sub-class in the Financial Services Compensation Scheme (FSCS) by 50% to £300m.

clock 25 July 2012 •

Regulation

FSA consults on raising FSCS adviser class threshold

The Financial Services Authority (FSA) has set out proposed changes to the funding of the Financial Services Compensation Scheme (FSCS).

clock 25 July 2012 •

Regulation

AIFA hits out at regulatory fee hikes

The Association of Independent Financial Advisers (AIFA) has hit out at "spiralling" fee rises from the Financial Services Authority (FSA), Financial Ombudsman Service (FOS) and Financial Services Compensation Scheme (FSCS).

clock 03 April 2012 •

Regulation

FSCS spent nearly £400m on management expenses last year

The Financial Services Compensation Scheme (FSCS) spent nearly £400m on management expenses in the 2010/11 year as it took in nearly £1bn in levies and paid out over £535m in compensation.

clock 30 January 2012 • 2 min read
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