Facts and Figures

FSCS is the compensation fund of last resort for customers of authorised financial services firms.

  • FSCS protects deposits, insurance and investments as well as mortgage advice and arranging
  • Since 2001, we have protected more than 4.5m people and paid out £26bn in compensation when firms went bust
  • There are limits to the levels of protection we provide and these depend on the type of claim
  • We are independent and do not charge consumers for using our services
  • We are funded by a compulsory levy on the financial services industry 

The FCA

The Financial Conduct Authority website includes a searchable database of all firms authorised and regulated by the FCA and the Prudential Regulation Authority (PRA).

The FOS

The Financial Ombudsman Service is the official independent expert in settling complaints between consumers and financial businesses

Jargon Buster

  • Deposits

    money placed in a bank or similar institution to earn interest or for safe-keeping.