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FSCS

March 2024

  • Older woman wearing glasses using laptop at home

    ‘We’re hugely worried’: UK private pension rule changes disrupt retirement plans

    Banned from making transfers or told they must wait to retire, older people tell of fears for their life savings

July 2022

  • New-build housing in Wales

    Ask the experts: homebuying
    Will my home sale proceeds be protected in my bank account?

    Conveyancer will only deposit funds into one account and I may need time to divvy it up elsewhere

November 2021

  • The logo of the new Financial Conduct Authority is seen at the agency's headquarters in the Canary Wharf business district of London

    Finance watchdog ‘changed scheme to avoid paying compensation’

    Financial Conduct Authority investigated after string of scandals

October 2021

  • The FCA bonuses were described as “absolute insult” to savers who had lost their life savings.

    Outrage over £125m bonuses for staff at UK’s ‘failing’ financial watchdog

    Financial Conduct Authority accused of failures ‘from top to bottom’ after a string of scandals

April 2021

  • City of London skyline

    UK taxpayers face £120m compensation bill for LC&F scandal

    Government announces payouts for almost 9,000 people who invested in defunct London Capital & Finance

January 2021

  • Bitcoin and other cryptocurrencies themselves do not have any intrinsic value.

    Bitcoin: be prepared to lose all your money, FCA warns consumers

    Regulator cautions public over risk of products promising high returns from cryptoassets

January 2020

  • London skyline looking towards the financial district of Canary Wharf

    Investors face £230m loss in London Capital & Finance collapse

    Only 159 mini-bond customers affected by scandal due to be compensated, says FSCS

March 2019

  • Financial Conduct Authority logo

    'One of the biggest financial scandals around': FCA criticised over LC&F

    Calls for investigation into financial watchdog after London Capital & Finance collapses with £236m of investors’ money

July 2018

  • A project to install solar panels in schools.

    ‘I lost my cash in a solar project, but after a five-year battle I’ll get it back’

    A small investor teamed up with hundreds of others who saw £7.5m go up in smoke. Now they will get compensation

November 2016

  • People queue outside Northern Rock in Kingston on 15 September 2007

    Savings protection limit to go back up to £85,000

    Drop in value of pound following Brexit vote prompts Bank of England to propose rise to keep in step with rest of the EU

April 2016

  • A blue piggy bank stuffed with £20 notes

    Manchester Building Society's future in doubt after it reports loss

    Chairman says society faces ‘material uncertainty’ amid £4.9m loss but board is doing all it can to save the mutual

January 2016

  • ARM666 UK bank notes 5 10 20 50

    Take care, FSCS changes mean your savings aren’t as protected as they were

    EU limits mean the compensation you receive if your bank crashes has been cut by £10,000. You can take steps, but it’s not that simple

December 2015

  • Cartoon of retailers as turkeys in a pen

    Business leader
    Spare a thought this holiday season for the retailers hoping for a pardon from investors

    Several major chains have not been looking forward to Christmas. In many cases, sales declines are inevitable: the only question is, how far will they fall?

July 2015

  • The Bank of England building in the City of London

    Bank of England to cut amount of personal savings protected by £10,000

    It has been forced to reduce figure covered when banks collapse from £85,000 to £75,000 to bring UK in line with rest of the EU

October 2014

  • Houses in Camden Lock, north London

    Bank of England proposes savings protection limit of £1m

    Temporary guarantee will apply only to money temporarily deposited in a bank, for instance from a house sale or insurance claim

September 2014

  • Mark Carney

    Carney: massive shortfall in currency reserves for independent Scotland

  • Three weeks remain until Scottish Independence referendum vote

    Scottish savers likely to have continued bank account protection

March 2014

  • Co-op Bank Stockport

    How will problems at the Co-op Bank affect me?

    The bank needs another £400m to steady the ship. We look at what that means for its savers

December 2013

  • Is your money in a safe place with the Co-op Bank?

    Consumer champions
    Is our money still safe with the Co-op Bank?

    We know we are covered for £85,000 per person, but more will be passing through out account

November 2013

  • A PPI phone message

    Government plans fines for claims firms that make unsolicited PPI calls

    New government proposals aim to reduce volume of PPI mis-selling nuisance calls

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