FSCS publishes annual report: FSCS' annual report shows a fall in payments related to payment protection insurance (PPI) for the first time in four years. Over the year, FSCS paid £243 million in compensation. It also received fewer claims than in the previous year. Of the 39,000 claims, over two thirds came from claims management companies but FSCS warns that consumers who use these companies lose 25% of the compensation they would otherwise get in fees. (Source: FSCS Publishes Annual Report)