FSCS

FSCS pays out £423m in compensation in one year

The Financial Services Compensation Scheme (FSCS), the safety net scheme for consumers, paid out £423m in compensation to customers during its 2023/24 year, £20m higher than the previous year.
Rathbones director Paul Stockton appointed to FSCS Board
CBE honours given for services to the economy and financial services
MF Global customers to soon receive claims forms from FSCS
Lawrence Churchill appointed chairman of FSCS
Advisers face £40m interim levy alongside annual £33m levy
Santander fined £1.5m by FSA for poor information
MF Global customers to begin receiving compensation from FSCS
FSCS imposes 'unwelcome' £60m interim levy on advisers
FSCS £60m interim levy largely due to MF Global claims
FSCS issues further £38.8m levy for Arch Cru victims
Advisers urged to campaign for fairer FSCS funding
FSCS begins payments for MF Global victims
Advisers encouraged to support FSCS Action Day tomorrow
IMA chief executive supports campaign for fairer FSCS funding
FSCS petition receives over 1,400 signatures in one day
FSCS increases total annual levy to £265m
FSCS funding petition receives positive response from FSA
FSA orders banks to inform customers of deposit guarantee schemes
KPMG to return £54m to MF Global customers

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