ABI estimates £900m in Covid-19 business payouts

The total cost of the Coronavirus outbreak to British insurers is likely to total £1.2bn, according to initial estimates by the insurers’ trade body the Association of British Insurers.

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FSCS levy to soar by £87m to £635m in 2020/21

The Financial Services Compensation Scheme confirmed today that its levy for 2020/21 will soar by £87m to £635m, mainly due to surging SIPP claims.

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FCA reveals second fine on a CMC this week

The FCA has confirmed details of the second fine on a CMC company this week, this time for copying client signatures.

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Mounting claims force SIPP firm into administration

A mountain of claims against it has forced Berkeley Burke SIPP Administration Limited (BBSAL) to go into administration, with the book of business transferred to Hartley Pensions Limited.

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