FSCS

ALTERNATIVES

The Financial Services Compensation Scheme (FSCS) has confirmed that it has begun paying out on claims relating to Arch Cru.

CONDENSED

Insurance brokers have raised concerns about Financial Services Authority (FSA) plans to increase their compensation threshold under the Financial Services Compensation Scheme (FSCS).

The former chairman of Tenet Group has criticised the Financial Services Authority (FSA) over its ‘Kafkaesque' behaviour in blocking the company's finance director from obtaining a significant influence function (SIF).

The Financial Services Authority (FSA) has said it remains ‘unconvinced' about the idea of replacing the current Financial Services Compensation Scheme (FSCS) funding model with product levies, despite arguments it could create a fairer system.

The Association of Independent Financial Advisers (AIFA) will challenge a proposed 50% increase in the threshold for the investment intermediation class under the Financial Services Compensation Scheme (FSCS).

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

A proposed £110m redress scheme for Arch Cru investors could "irreparably" damage firms forced to pay for the failures of others through the Financial Services Compensation Scheme (FSCS), the regulator has been warned.

The Association of Independent Financial Advisers (AIFA) has set out plans to the Treasury on how regulatory fines could be used to transition the Financial Services Compensation Scheme (FSCS) to a pre-funded system.