Conference Soundbites

Chris Woodburn, chief executive of the General Insurance Standards Council, said: "The problems we ...

Chris Woodburn, chief executive of the General Insurance Standards
Council, said: "The problems we have found on our 11,000 regulatory visits
have been lack of evidence of training and the absence of any system of
continuing personal development. Solvency is a problem area and people are
also falling down on describing their service to customers and complaints
recording procedures. Even if you never receive any complaints you have to
have some system for recording them in place."


Grant Ellis

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FSCS gives first insight on increasing levy to £394m

The Financial Services Compensation Scheme has indicated its levy for 2025/26 will rise to £394m from £265m this financial year as it cited having lower surpluses to carry forward and offset bills – a factor that has benefited brokers for two years in a row.

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