Press Releases

The press releases shown below are available to download as Adobe PDF documents. To view Adobe PDFs, you may need to download Adobe Acrobat Reader first; alternatively a free copy of any of the press releases can be sent to you by post on request.

 

Press Releases issued in 2013

  • 16 May 2013 - FSCS welcomes the Launch of the International Forum of Insurance Guarantee Schemes
  • 29 April 2013 - PPI claims increasing says FSCS and consumers losing millions to claims companies
  • 27 April 2013 - Millions of adults incorrectly believe that FSCS covers a range of popular financial products
  • 18 April 2013 - FSCS sets 2013/14 levy at £285m, down from £311m
  • 10 April 2013 - MPs and public call for banks and building societies to do more to promote FSCS protection
  • 11 March 2013 - Default declarations pave the way for consumers to claim compensation from FSCS
  • 9 March 2013 - FSCS finds that Britons are still hoarding billions at home
  • 6 February 2013 - FSCS publishes its Plan and Budget 2013/14
  • 6 February 2013 - PPI claims to FSCS generate £20m for CMCs
  • 28 January 2013 - Default declarations pave the way for consumers to claim compensation from FSCS
  • 18 January 2013 - FSCS reaction to funding review announcement
  • 14 January 2013 - British public prepared to accept a greater risk to their health and family than money
  • 14 January 2013 - Financial crisis prompts cautious public mood
  • 14 January 2013 - FSCS launches phase two consumer awareness drive
  • 13 January 2013 - Consumers reluctant to put money into foreign banks and us unknown isurance brands
  • 12 January 2013 - 'Knowledge gap' exists around savings protection limits

 

 

  Press Releases issued in 2012

  • 6 November 2012 - Default declarations pave the way for consumers to claim compensation from FSCS
  • 5 November 2012 - Default declarations pave the way for consumers to claim compensation from FSCS
  • 1 October 2012 - Default declaration paves way for consumer in the UK to claim compensation from FSCS
  • 14 September 2012 - 22 million adults changing their attitude to keeping money in banks
  • 14 September 2012 - Survey shows two thirds confident they would get their money back if a deposit taker failed
  • 31 August 2012 - UK banks, building societies and credit unions tell customers their savings and deposits are protected by FSCS
  • 20 August 2012 - Default declaration paves way for consumer in the UK to claim compensation from FSCS
  • 18 August 2012 - FSCS training module to help build customer confidence and support financial stability
  • 24 July 2012 - Christmas Prepayment Association members extend consumer protection to cover a banking failure
  • 5 July 2012 - £347m paid in compensation to more than 86,000 consumers over 2011/12
  • 15 May 2012 - MPs believe financial service firms should do more to inform consumers about FSCS
  • 27 April 2012 - FSCS sets 2012/13 levy at £265m
  • 16 April 2012 - Always check you’re covered, FSCS advises investors
  • 22 March 2012 - A nice problem for lucky Brits - Five out of seven Euro Millions jackpots in 2012 have been won by British residents
  • 17 March 2012 - Brits squirrel money away for a rainy day
  • 3 March 2012 - ISA safety more important to women than men, yet they know far less about the protective safety net
  • 25 February 2012 - £5.6 billion in cash at home with no protection
  • 11 February 2012 - Consumers could lose over £12 million to claims management companies
  • 2 February 2012 - FSCS publishes its Plan and Budget: 2012/13
  • 28 January 2012 - Over three quarters of PPI claims to FSCS made through claims management companies
  • 5 January 2012 - FSCS calls for the industry to play a powerful role in restoring consumer confidence

Press Releases issued in 2011

  • 14 December 2011 - More clarity on the way for consumers about deposit protection
  • 18 November 2011 - Northern Rock and Virgin Money savers reassured on compensation limits
  • 29 September 2011 - FSCS steps in to protect customers of Wilmslow Financial Services PLC (formerly trading as Freedom Finance)
  • 16 August 2011 - Default declarations pave the way for consumers to claim compensation from the FSCS
  • 1 July 2011 - FSCS pays out £535m in compensation and delivers faster payouts to consumers
  • 6 April 2011 - The FSCS sets annual levy at £217m
  • 2 March 2011 - FSCS declares Welcome Financial Services PLC in default
  • 17 February 2011 - FSCS response to HMT announcement on regulatory framework
  • 2 February 2011 - FSCS publishes its Plan and Budget: 2011/12
  • 27 January 2011 - FSCS steps in to protect members of South East Birmingham Community Credit Union
  • 20 January 2011 - FSCS announces 2010/11 interim levy for the costs of major investment failures
  • 14 January 2011 - FSCS compensates most members of Havant Area Savers Credit Union within new seven day target
  • 7 January 2011 - FSCS steps in to protect members of Havant Area Savers Credit Union  
  • 6 January 2011 - FSCS launches awareness programme today to boost consumer awareness
  • 6 January 2011 - FSCS launches awareness programme today to reassure consumers and boost confidence in financial products

 

Press Releases issued in 2010

 

Default declarations

  • 23 December 2010 - Default declarations pave the way for consumers in England to claim compensation from the FSCS
  • 23 December 2010 - Default declarations pave the way for consumers in the UK to claim compensation from the FSCS
  • 22 December 2010 - Default declarations pave the way for consumers in England and Scotland to claim compensation from the FSCS
  • 21 December 2010 - Default declarations pave the way for consumers in the UK to claim compensation from the FSCS
  • 3 September 2010 - Help on the way for members of Landsker Credit Union 
  • 1 July 2010 - Wills & Co Stockbrokers Limited declared in default
  • 26 April 2010 - Consumers able to claim up to £50,000 in compensation
  • 14 April 2010 - Redcar and District Credit Union declared in default
  • 14 April 2010 - 5 Mortgage Advisors declared in default

Press releases issued in 2009

  • 16 Dec 2009 - Director of Operations Appointed
  • 11 Dec 2009 - NDF / DRL and ARC - FSCS considering individual claims
  • 23 Oct 2009 - Deadline Approaches for Icesave Customers
  • 05 Oct 2009 - FSCS Chief Executive Loretta Minghella to step down in 2010
  • 31 Jul 2009 - FSCS publishes Annual Report 2008/09 
  • 29 Jul 2009 - FSCS announces first levy for bank failures of 2008
  • 24 Jul 2009 - Changes to compensation rules
  • 30 Mar 2009 - Interim levy for 2008/09 and levies for 2009/10
  • 12 Feb 2009 - FSCS publishes Plan and Budget: 2009/10

Default declarations

  • 07 Dec 2009 - 2 Credit Unions declared in default
  • 07 Dec 2009 - 3 Mortgage and Insurance Intermediaries declared in default
  • 07 Dec 2009 - 5 Insurance Intermediaries declared in default
  • 01 Dec 2009 - 15 Investment firms declared in default
  • 13 Nov 2009 - Keydata Investment Services declared in default
  • 14 Sep 2009 - 2 Mortgage advisers declared in default
  • 14 Sep 2009 - 2 Insurance intermediaries declared in default
  • 01 Sep 2009 - 4 Credit Unions declared in default
  • 11 Aug 2009 - 22 firms declared in default
  • 07 Aug 2009 - Picture Financial Services Plc declared in default
  • 24 Jul 2009 - Protection for customers of Global Trader Europe Ltd
  • 16 Jun 2009 - Lancs & South Yorks mortgage advisers declared in default
  • 04 Jun 2009 - Protection for customers of Echelon Wealth Management Ltd
  • 08 Apr 2009 - Consumers able to claim up to £48,000 in compensation
  • 23 Feb 2009 - FSCS declares Square Mile Securities Limited in default
  • 28 Jan 2009 - Pacific Continental Securities (UK) Limited declared in default
  • 14 Jan 2009 - 300 members of credit unions invited to claim compensation 

 Press releases issued in 2008

  • 05 Dec 2008 - FSCS urges Icesave customers to claim their compensation
  • 16 Nov 2008 - FSCS pays out £0.25bn to Icesave customers
  • 04 Nov 2008 - FSCS sends first email to over 200,000 UK Icesave customers
  • 24 Oct 2008 - Accelerated compensation process for Icesave customers
  • 24 Oct 2008 - FSCS starts paying compensation to Heritable Bank customers
  • 17 Oct 2008 - Heritable and Kaupthing Singer & Friedlander
  • 07 Oct 2008 - FSCS gears up to assist Icesave's UK branch customers
  • 10 Apr 2008 - Net levy contributions to decrease by £2.4 million
  • 06 Feb 2008 - FSCS Plan and Budget 2008/09 - A year of change
  • 30 Jan 2008 - Consultation on financial stability and depositor protection
  • 24 Jan 2008 - FSCS tops £1 billion in compensation

Default declarations

Press releases issued in 2007

Default declarations

Press releases issued in 2006

Default declarations

Press releases issued in 2005

  • 14 Nov 2005 - Endowment claims flood in to FSCS
  • 18 Jul 2005 - £175m compensation paid to consumers in 2004/05
  • 26 May 2005 - FSCS initial 2005/06 levy reduced for general insurers
  • 08 Apr 2005 - FSCS sets initial 2005/06 levy at £160.7m
  • 04 Mar 2005 - FSCS in talks to protect Exeter investors
  • 26 Jan 2005 - FSCS Plan and Budget 2005/06

Default declarations

Press releases issued in 2004

  • 08 Sep 2004 - FSCS appoints new Chief Executive
  • 05 Jul 2004 - FSCS calls for more funds 
  • 21 May 2004 - FSCS announces Interim Chief Executive
  • 25 Mar 2004 - FSCS announces 2004/05 levy requirements
  • 20 Jan 2004 - FSCS petitions House of Lords for leave to appeal Geologistics judgement

Default declarations

Press releases issued in 2003

Default declarations

Press releases issued in 2002

  • 26 Nov 2002 - Increases in the pensions review levy 2003/4
  • 06 Nov 2002 - FSCS Chief Executive is first Chair of EFDI
  • 09 Oct 2002 - FSCS launches consumer guide in 10 languages
  • 16 July 2002 - First Annual Report as a single compensation scheme
  • 02 July 2002 - Regulation of credit unions is a 'win-win' situation
  • 29 May 2002 - FSCS launches guide for investors
  • 13 May 2002 - FSCS announces £56.4m levy 2002/03
  • 25 April 2002 - New Group Manager, Insurance, for FSCS
  • 01 Mar 2002 - Policyholders Protection Board Reports and Accounts
  • 06 Feb 2002 - Final Report and Accounts for Deposit Protection Board
  • 07 Jan 2002 - £150m levy on general insurance firms

Default declarations

Press releases issued in 2001