Peter Vipond has commented on the FSA's Discussion Paper about the future of the Financial Services Compensation Scheme (FSCS).
Vipond, the ABI's director of financial regulation and taxation, said: “We welcome the discussion paper and the opportunity to consider proposals at an early stage. In general we do not see that our members should be obliged to provide a continuing cross-subsidy to intermediaries.
“Instead we would expect the FSA to address this problem through a mixture of how it defines contribution 'sub-classes' as well as a review of authorisation and financial resource rules. We look forward to working constructively with the FSA to this end.”
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.
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.
