FSCS will provide an overview of its role and share details of some recent insurance failures, together with the lessons learnt. They will also touch on the 2021/22 levy, explain what they’re doing to help reduce this, provide an update on how they are manging the impact of Covid-19 and finish by looking at Brexit.
The Financial Services Compensation Scheme (FSCS) pays compensation when authorised financial firms go out of business. FSCS is independent, provides a free service to consumers and is funded by the financial services industry. It exists to protect consumers, improve market stability and increase confidence in the finance sector generally.
About the speaker
Jimmy Barber, Chief Operating Officer
Jimmy joined FSCS on 4 January 2016 in a critical role bringing together the delivery of its service to customers and the IT and data architecture which supports that service. He worked as the Operations Development Director and (before this) as the Commercial Operations Director at the RSA Insurance Group, where he had been since 2007.
In these roles, Jimmy was responsible for business transformation and improvement and for the delivery of shared services across the UK. Before the RSA, Jimmy held major operational roles at Capital One and at Ladbrokes.