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FSCS open for claims against failed broker

The FSCS has listed FML Insurance Services Limited, trading as Entertainment Insurance Services, as a failed company.

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FSCS expects East West compensation costs to rise

The Financial Services Compensation Scheme has said it expects payments to customers of failed structural defects insurer East West to rise in the next

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FSCS keeps broker levy at zero for 2023/24 and projects same into 2024/25

The Financial Services Compensation Scheme has maintained plans to keep general insurance brokers’ contribution to zero this year, and forecast that this will

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FSCS adds Martyn Beauchamp as interim CEO

The Financial Services Compensation Scheme has appointed Martyn Beauchamp as interim CEO. Beauchamp will join the board as an executive director.

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FSCS CEO Caroline Rainbird departs - Insurance Age

Caroline Rainbird has left the Financial Services Compensation Scheme after four years as CEO.

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FSCS slashes broker 2023/24 levy to zero

The Financial Services Compensation Scheme has dropped plans to charge general insurance brokers £5.3m in 2023/24 as it cut the contribution to nil.

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FSCS broker pot pays out £7m compensation in 2021/22 after levies of £13m

The Financial Services Compensation Scheme has revealed that the broker levy pot paid out £7m in compensation in 2021/22, less than half the £15m total in 2020

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Broker contributions to FSCS slashed as forecast levies are revised down

The Financial Services Compensation Scheme has issued final levies for 2022/23 of £5.3m for brokers and £211.7m for insurers, down significantly on initial

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Broker FSCS levy plummets to £5m for 2022/23 from expected £68m

The Financial Services Compensation Scheme has cut brokers’ levy contribution to £5.3m for 2022/23 as it cancelled a planned retail pool contribution.

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FSCS pays out £7m in East West claims - Insurance Age

Since East West Insurance Company went into administration the Financial Services Compensation Scheme has so far paid approaching £7m in valid claims costs.

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