All the updated news related to fscs

All the news related to fscs updated in real time

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City

Many pension savers do not know whether they have protection if a firm goes bust

Two-fifths of pension savers have never checked whether their money is protected by a body which compensates people when firms go bust. Some 40% of those saving into a pension have not checked whether their pension is protected by the Financial ...

26 Jan 2022 at 01:26

Personal Finance

Financial Services Compensation Scheme slashes levy it expects firms will pay

A lifeboat scheme which compensates customers when financial firms go bust has slashed the total levy amount that it expects will be paid by the industry. The Financial Services Compensation Scheme (FSCS) is able to pay compensation to ...

25 May 2023 at 13:06

Personal Finance

Financial lifeboat scheme expects to pay £363m in compensation in 2024-25

A financial lifeboat scheme has said it expects to pay £363 million in compensation during 2024-25. The Financial Services Compensation Scheme (FSCS), which is funded by the financial services industry, said the total levy payable by ...

23 May 2024 at 10:25

Personal Finance

Savings protection limit could be increased to £110,000 later this year

The deposit protection limit for savers if their bank or building society fails could be raised by £25,000 later this year, under proposals being consulted on. The Bank of England’s Prudential Regulation Authority (PRA), which ...

31 Mar 2025 at 16:32

Years
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