Insurance Times keeps up the pressure on the FSA to reform regulatory fees

Insurance Times’s ‘Fair Fees: Brokers won’t pay for banks’ campaign moved up a gear this week following our investigation into how Payment Protection Insurance (PPI) mis-selling claims have fuelled increases in the FSCS levy for brokers.

The investigation uncovered how Neville Allport, the former chief executive of Picture Financial Services, the company linked to the greatest number of PPI mis-selling compensation claims in the broker market, is back in business as boss of Pure Options, a new company offering income protection insurance products.

Separately, we also report how brokers can expect a further increase in the Financial Services Compensation Scheme (FSCS) next year following the publication of new FSA rules on how firms should handle PPI complaints.

The campaign has been running for five weeks and already more than 300 brokers have pledged their support.

We are calling on the FSA to give brokers a fairer deal when it reviews its fees and levies.

Click here to sign the online petition or visit www.insurancetimes.co.uk/backfairfees.

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The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

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