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