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Wetherall Insurance
Wednesday, February 08, 2012
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 You are here:  Regulation
Financial Services Authority (FSA)

The Financial Services Authority (FSA) is an independent non-governmental body, given statutory powers by the Financial Services and Markets Act 2000. We are a company limited by guarantee and financed by the financial services industry. The Treasury appoints the FSA Board, which currently consists of a Chairman, a Chief Executive Officer, three Managing Directors, and 9 non-executive directors (including a lead non-executive member, the Deputy Chairman). This Board sets our overall policy, but day-to-day decisions and management of the staff are the responsibility of the Executive.
Financial Services Authority (FSA) - www.fsa.gov.uk

Financial Services Ombudsman (FOS)

The independent service for settling disputes between consumers and businesses providing financial services.
Financial Service Ombudsman (FOS) - www.financial-ombudsman.org.uk

Financial Services Compensation Scheme (FSCS)

The UK's statutory fund of last resort for customers of authorised financial services firms. This means that FSCS can pay compensation if a firm is unable, or likely to be unable, to pay claims against it. FSCS is an independent body, set up under the Financial Services and Markets Act 2000 (FSMA). Their service is free to consumers.
Financial Services Compensation Scheme (FSCS) - www.fscs.org.uk