Press releases

All recent press releases from FSCS are below, some of which are available to download as Adobe PDFs. 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 2019

  • 11 December 2019 - Elite Insurance Company Ltd confirmed in administration
  • 4 December 2019 - Mercat Cross and The Bruce Credit Union Ltd declared in default: FSCS to protect 126 members
  • 29 November 2019 - FSCS ranked at 40 in The Inclusive Top 50 UK Employers List
  • 22 November 2019 - FSCS scores a hat-trick across three national awards
  • 21 November 2019 - FSCS declared 35 firms in default between Aug and Oct
  • 18 November 2019 - FSCS reaches out to thousands of remaining Alpha latent defect policyholders
  • 1 November 2019 - David Blackburn, FSCS Chief People Officer included in the OUTstanding LGBT+ Role Model Lists 2019
  • 9 October 2019 - FSCS making plans to help Reyker Securities customers
  • 2 October 2019 - FSCS declares Solent Credit Union in default
  • 19 September 2019 - FSCS opens to claims against SIPP operator Berkeley Burke SIPP Administration Ltd
  • 11 September 2019 - FSCS to compensate 5,500 members after East London Credit Union Ltd fails.
  • 19 August 2019 - FSCS to compensate Alpha Insurance latent defect insurance policy holders
  • 14 August 2019 - FSCS declares six firms in default in July
  • 5 August 2019 - Update for customers of SVS Securities
  • 29 July 2019 - Red Sands to provide replacement home insurance cover for LAMP policyholders
  • 17 July 2019 - FSCS declares 11 firms in default in June
  • 5 July 2019 - FSCS outlines its 2019/20 levy distribution
  • 5 July 2019 - Two wins for FSCS at first Diversity in Finance Awards
  • 28 June 2019 - FSCS investigations into LCF reveal protected claims that may result in compensation for some LCF investors
  • 27 June 2019 - FSCS publishes 2018/19 Annual Report and Account and Annual Report and Class Statements
  • 27 June 2019 - Richard Parkin appointed as a non-executive director to FSCS Board
  • 14 June 2019 - FSCS declares The Lifetime SIPP Company Ltd in default
  • 13 June 2019 - FSCS declares eight firms in default in May
  • 12 June 2019 - FSCS now open to claims against SIPP operator GPC SIPP Ltd
  • 10 June 2019 - Braniel Credit Union has failed
  • 5 June 2019 - LAMP Insurance Compnay Ltd has failed
  • 22 May 2019 - CFO Kathryn Sherratt departs
  • 17 May 2019 - FSCS decares 21 firms in default between 1 February - 30 April
  • 13 May 2019 - FSCS seeks to hire an inspirational partner to define its media channel, planning and buying strategy
  • 10 May 2019 - FSCS launches email news updates and explores grounds for LCF compensation 
  • 3 May 2019 - FSCS joins regulatory partners to form group on phoenixing
  • 30 April 2019 - FSCS announces final levy for 2019/20 at £532m
  • 15 April 2019 - Deadline further extended for CRL Management
  • 15 April 2019 - Caroline Rainbird the new CEO of FSCS
  • 11 April 2019 - Most people underestimate FSCS pension protection
  • 10 April 2019 - FSCS ensures thousands of Qudos customers receive replacement insurance policies
  • 9 April 2019 - Steelworkers get improved payout from FSCS
  • 2 April 2019 - FSCS to offer additional time off for staff whose babies are born prematurely
  • 1 April 2019 - FSCS extends its deadline to secure a better outcome for customers of CRL Management 
  • 1 April 2019 - Compensation limits change
  • 25 March 2019 - £300m recovered over five years for levy payers
  • 13 March 2019 - Outgoing FSCS Chief Executive calls for higher protection limits for a more limited range of products
  • 21 February 2019 - FSCS declares eight firms in default
  • 31 January 2019 - Supplementary levies for 2018/19
  • 29 January 2019 - A further 750 Beaufort clients get money and assets back, courtesy of FSCS and PwC
  • 23 January 2019 - FSCS appoints eight law firms to its legal panel
  • 16 January 2019 - FSCS declares six firms in default
  • 11 January 2019 - FSCS update on protecting Active Wealth customers

Press releases issued in 2018

  • 21 December 2018 - FSCS declared three firms in default during October and November 2018
  • 11 December 2018 - FSCS publishes research findings into cosumer awareness.
  • 14 November 2018 - FSCS publishes its strategy outlining its priorities for the 2020s
  • 14 November 2018 - Another 3,000 Beaufort clients get money and assets back
  • 7 November 2018 - Greater disclosure of FSCS protection by pension providers could unlock additional pension investment
  • 5 November 2018 - Hundreds of Welsh Beaufort clients get money and assets back, courtesy of FSCS and PwC
  • 25 October 2018 - FSCS declared five firms in default in September 2018
  • 11 October 2018 - Mark Neale to step down as CEO
  • 9 October 2018 - K&C Credit Union declared in default
  • 2 October 2018 - Alpha Insurance motorists transferred to new insurer via FSCS
  • 25 September 2018 - Funds returned to thousands of Beaufort clients thanks to FSCS compensation
  • 25 September 2018 - FSCS reflects 10 years after bank failures
  • 20 September 2018 - FSCS declares failure of six firms 
  • 04 September 2018 - Harp Credit Union Limited declared in default
  • 04 September 2018 - Dial-A-Cab Credit Union Limited declared in default
  • 29 August 2018 - Loans and Savings Abertawe Credit Union (UK) Limited (trading as My Community Bank Wales) declared in default
  • 22 August 2018 - Consumers could be in line for compensation after FSCS declares nine firms in default
  • 13 August 2018 - Good news for policyholders who had Guaranteed Asset Protection (GAP) cover with Alpha Insurance
  • 02 August 2018 - Good news for Beaufort clients as plan approved for returning funds 
  • 30 July 2018 - Polish Credit Union (UK) Limited declared in default
  • 12 July 2018 - Consumers could be in line for compensation after FSCS declares eight firms in default
  • 09 July 2018 -  Shiremoor and District Credit Union Limited declared in default
  • 28 June 2018 - FSCS puts nearly 70,000 customers back on track in 2017/18
  • 14 June 2018 - Consumers could be in line for compensation after FSCS declares eight firms in default
  • 07 June 2018 - FSCS repays Bradford & Bingley loan
  • 15 May 2018 - FSCS awards strategic sole partner contract to Capita
  • 11 May 2018 - Consumers could be in line for compensation after FSCS declares eight firms in default
  • 01 May 2018 - FSCS announces its final levy for 2018/19 at £407m
  • 16 April 2018 -  Consumers could be in line for compensation after FSCS declares 11 firms in default
  • 20 March 2018 - Protection scheme awareness alters how savers choose to fund retirement
  • 15 March 2018 - Consumers could be in line for compensation after FSCS declares 24 firms in default
  • 22 February 2018 - Fund managers due to get major refund from FSCS recoveries
  • 19 January 2018 - FSCS declares three SIPP operator firms in default 
  • 19 January 2018 - FSCS publishes its Plan and Budget 2018/19
  • 12 January 2018 - Consumers could be in line for compensation after FSCS declares 15 firms in default

Press releases issued in 2017

  • 23 November 2017 - Consumers could be in line for compensation after FSCS declares 33 firms in default
  • 06 October 2017 - Hurry up and spend - impatience is costing Brits up to £2,000 extra a year
  • 20 September 2017 - Ground-breaking new industry wide agreement to raise awareness of deposit protection for consumers
  • 14 September 2017 - FSCS protection has more than doubled since the financial crisis 
  • 06 September 2017 - Consumers could be in line for compensation after FSCS declares 17 firms in default
  • 19 July 2017 - Consumers could be in line for compensation after FSCS declares 25 firms in default
  • 13 July 2017 - FSCS compensation costs total £375m in 2016/17
  • 15 June 2017 - Apps can have a harmful effect on personal finances
  • 15 June 2017 - Nearly half of women shop in bed through apps
  • 22 April 2017 - FSCS continues to provide reassurance in times of uncertainty 
  • 20 April 2017 - Consumers could be in line for compensation after FSCS declares 19 firms in default 
  • 12 April 2017 - FSCS announces its final levy for 2017/18 at £363m
  • 1 April 2017 - New lifetime ISA is FSCS protected
  • 23 March 2017 - Consumers could be in line for compensation after FSCS declares 40 firms in default 
  • 27 January 2017 - Consumers could be in line for compensation after FSCS declares 31 firms in default

Press releases issued in 2016

  • 24 November 2016 - Consumers could be in line for compensation after FSCS declares 16 firms in default
  • 17 November 2016 - Children struggle to learn about money as parents hold on to purse strings
  • 28 October 2016 - Consumers could be in line for compensation after FSCS declares 25 firms in default
  • 14 October 2016 - Additional information for insurance brokers on Enterprise Insurance
  • 30 September 2016 - FSCS warns people with Enterprise Insurance motor policies to find new cover
  • 24 August 2016 - Consumers could be in line for compensation after FSCS declared 11 firms in default
  • 13 July 2016 - FSCS pays out £271m against failed financial services firms in one year
  • 04 July 2016 - Consumers could be in line for compensation after FSCS declares 24 firms in default
  • 10 May 2016 - Consumers could be in line for compensation after FSCS declares 27 firms in default
  • 01 March 2016 - Consumers could be in line for compensation after FSCS declares 16 firms in default
  • 19 January 2016 - FSCS publishes its Plan and Budget 2016/17

 

To view press releases from earlier years, please contact our PR team. You'll find their details in the Media Centre.