Industry News
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FSCS publishes its Plan and Budget: 2012/13
2nd February 2012
Increasing volumes of PPI claims account for more than a quarter of total levy The Financial Services Compensation Scheme (FSCS) today publishes its Plan and Budget: 2012/13. FSCS estimates the indica...
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New legislation allows credit unions to grow their membership
9th January 2012
Changes to the Credit Union Act came into force yesterday (8 January), removing the requirements that place a restriction on credit union membership. The changes will not impact on the protection FSCS...
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FSCS fees Calculator 2011/12
26th July 2011
In April 2011 we announced the annual levy for 2011/12 as £217m. Since this announcement, Southsea Mortgage and Investment Company Limited (Southsea) has been put into liquidation and is in defa...
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CMCs and Financial Services Complaints
19th July 2011
Today (19 July) the FSCS, Financial Service Authority (FSA), Financial Ombudsman Service (FOS) and the Ministry of Justice (MoJ) publish a joint note outlining the role of claims management companies ...
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Update on the Tariff Data Resubmission Requests
14th July 2011
The FSCS is in the process of reviewing requests from firms to resubmit data previously provided to the FSA for the SD01 and SD02 sub-classes. This has been used to calculate the FSCS interim levy ann...