The Financial Services Compensation Scheme (FSCS), the industry-funded safety net for consumers, recovered £34m from failed firms in its 2025/2026 year and paid compensation to 14,000 people.

The Financial Services Compensation Scheme (FSCS) has lowered its annual levy expectation for 2025/26 to £356m.

Three in five investigations by the Financial Services Compensation Scheme result in no declaration of default by the body as firms can meet the costs of claims themselves, interim FSCS CEO Martyn Beauchamp has told Financial Planning Today editor Kevin O’Donnell in an exclusive interview.

Financial Planning Today editor Kevin O’Donnell recently interviewed Financial Services Compensation Scheme interim CEO Martyn Beauchamp at his London HQ about how the organisation is dealing with new challenges and a changing regulatory environment. The full article appears in the latest issue of Financial Planning Today magazine. See below for a link to view the issue.