Second credit union goes bust this year
- Wednesday, 23 February 2022
- Articles
The Strathkelvin Credit Union Limited in the Glasgow are has been declared in default by the Financial Services Compensation Scheme, opening the door to members to claim compensation expected to be in the region of £1.96m in total.
Read more...Complex claims push up FSCS budget by 5%
- Wednesday, 12 January 2022
- Articles
The Financial Services Compensation Scheme has increased its running costs budget forecast for 2022/23 to £95.5m.
Read more...Scammers target payouts to LCF victims
- Tuesday, 21 December 2021
- Articles
The Financial Services Compensation Scheme has warned LCF victims currently receiving compensation cheques that they could be targeted by scammers.
Read more...Govt pays £91m to LCF victims in 3 weeks
- Thursday, 16 December 2021
- Articles
The Financial Services Compensation Scheme (FSCS) has paid out £91.1m to 7,750 LCF bondholders under the government’s compensation scheme in three weeks.
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