<br />
News from the Financial Services Compensation Scheme<br />
outlook<br />
December 2016<br />
Compensating<br />
customers<br />
since 2001<br />
HALF YEAR<br />
UPDATE<br />
• Chief Executive’s<br />
statement<br />
• Funding indicators<br />
for six months to<br />
30 September<br />
LATEST<br />
POSITION<br />
• Enterprise Insurance<br />
• SIPP-related claims<br />
ALSO IN<br />
THIS ISSUE<br />
• Management expenses<br />
• Recoveries<br />
CHIEF<br />
EXECUTIVE’S<br />
STATEMENT<br />
I am well aware that the volatility of<br />
FSCS’s levies presents a challenge for<br />
many of our levy payers, especially for<br />
small firms. There are also concerns about<br />
fairness: that low risk firms end up footing<br />
the compensation bill for those running<br />
bigger risks, or that the costs are paid by<br />
firms who carry out different types of<br />
activity. These are among the reasons that<br />
the Financial Conduct A<a title="HALF YEAR OUTLOOK_December2016_FINAL page 1" href="http://viewer.zmags.com/publication/bd60dd2e?page=1"> News from the Financial Services Compensation Sch</a>
<a title="HALF YEAR OUTLOOK_December2016_FINAL page 2" href="http://viewer.zmags.com/publication/bd60dd2e?page=2"> CHIEF EXECUTIVE’S STATEMENT I am well aware that </a>
<a title="HALF YEAR OUTLOOK_December2016_FINAL page 3" href="http://viewer.zmags.com/publication/bd60dd2e?page=3"> “Claims against investment advisers have b</a>
<a title="HALF YEAR OUTLOOK_December2016_FINAL page 4" href="http://viewer.zmags.com/publication/bd60dd2e?page=4"> LEVY UPDATE Likelihood of supplementary levy </a>
<a title="HALF YEAR OUTLOOK_December2016_FINAL page 5" href="http://viewer.zmags.com/publication/bd60dd2e?page=5"> Deposits Deposits (SA01) Original forecast 2016/1</a>
<a title="HALF YEAR OUTLOOK_December2016_FINAL page 6" href="http://viewer.zmags.com/publication/bd60dd2e?page=6"> Enterprise Insurance Company plc Enterprise was a</a>
<a title="HALF YEAR OUTLOOK_December2016_FINAL page 7" href="http://viewer.zmags.com/publication/bd60dd2e?page=7"> “The upward trend in claim volumes has con</a>
<a title="HALF YEAR OUTLOOK_December2016_FINAL page 8" href="http://viewer.zmags.com/publication/bd60dd2e?page=8"> Investment Intermediation Investment intermediati</a>
<a title="HALF YEAR OUTLOOK_December2016_FINAL page 9" href="http://viewer.zmags.com/publication/bd60dd2e?page=9"> FSCS MANAGEMENT EXPENSES Financial summary for</a>
<a title="HALF YEAR OUTLOOK_December2016_FINAL page 10" href="http://viewer.zmags.com/publication/bd60dd2e?page=10"> RECOVERIES PPI FSCS has made good progress in its</a>
<a title="HALF YEAR OUTLOOK_December2016_FINAL page 11" href="http://viewer.zmags.com/publication/bd60dd2e?page=11"> POLICY AND STAKEHOLDER UPDATE FCA review of FS</a>
<a title="HALF YEAR OUTLOOK_December2016_FINAL page 12" href="http://viewer.zmags.com/publication/bd60dd2e?page=12"> RAISING AWARENESS OF FSCS We have achieved 77% a</a>