FSCS extends protection for deposits up to £1m

The Financial Services Compensation Scheme (FSCS) has boosted the Temporary High Balance (THB) protection for deposits of up to £1m from six to 12 months for deposit-taker failures which take place from Thursday.


FSCS pays out £13.5m to 844 LCF victims

The Financial Services Compensation Scheme has increased the speed it is settling LCF claims and has so far paid out £13.5m to 844 people hit by the collapse of the mini-bond firm.


FSCS appoints 3 new directors including ex-Aviva exec

The Financial Services Compensation Scheme has appointed three new non-executive directors to the FSCS board, including a former Secretary of State and a former chief operating office at Aviva.


FSCS compensates 258,000 customers of failed firms

The FSCS paid over 258,000 customers who had suffered losses from 874 failed financial services firms in 2019/20, predominantly using levies from over 49,000 regulated firms.

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