FCA has published a policy statement confirming changes to the Compensation Sourcebook (COMP). See also FReD 29 April 2016 and FReD 4 December 2015. The statement confirms:

  • an increase in the non-investment (general and pure protection) insurance mediation compensation limit from 90% to 100% for claims in relation to certain types of insurance;
  • changes to the eligibility of trustees of occupational pension schemes to claim on the FSCS; and
  • changes to make express reference to how the compensation rules apply where a successor firm is in default or to assist the FSCS in handling claims.

(Source: FCA confirms COMP changes)