• Doing business with the FSA
  • Small Firms
    • General information
      • Small firms library

 

Our overview for small firms gives background and highlights the main points in the Policy Statement.

The important sections of paper for you to read are:

• Chapter 3 –the new funding model and where your firm will fit in.

• Chapter 4 – how much each sub-class would be expected to pay especially the table within 'Our response' after paragpah 4.10.

• Chapter 7 - will help you estimate the amount of compensation you may be required to pay in the proposed scheme.

Currently, your firm is likely to be in FSCS contribution group A19 (general insurance mediation). Under the proposals your contribution group will move to: the general insurance intermediation sub-class.