From our daily news service ... Tiner hints at claims fines for

The Financial Services Authority is considering fining insurers who fail to meet claims-handling tar...

The Financial Services Authority is considering fining insurers who
fail to meet claims-handling targets, according to John Tiner, managing
director of the FSA. The Times reported Mr Tiner as saying that insurers'
claims handling remains poor, despite assertions to the contrary. He was
speaking at a conference organised by the Institute of Economic Affairs in
London.

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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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