Archive
News stories from the past eight years.
Summary note on the basis of claims for Active Wealth
15 May 2018
On 26 March 2018, FSCS declared Active Wealth (UK) Limited (“Active Wealth”) in default pursuant to COMP 6.3.2R on the basis that it is unable, or likely to be unable, to satisfy protected claims against it.
Capita wins strategic sole partner contract
15 May 2018
Following a competitive procurement process, FSCS has awarded its strategic sole partner contract to Capita for the provision of a claims handling service.
FSCS welcomes the sale of Bradford and Bingley assets
26 April 2018
FSCS welcomes the deal led by Barclays Bank to purchase Bradford and Bingley (B&B) assets. This will pay off the remaining debt due to FSCS from B&B.
Replacement cheques to be sent to 380 members of South Tyneside Credit Union Limited (trading as First For Money)
06 April 2018
FSCS is aware that the cheques it sent to members of South Tyneside Credit Union Ltd (trading as First For Money) contain a printing error and can’t be cashed.
FCA and PRA appoint new Chair of FSCS
15 February 2018
On Tuesday 13 February, The Financial Conduct Authority and the Prudential Regulation Authority announced the appointment of Marshall Bailey as Chair of the Financial Services Compensation Scheme with effect from 1 April 2018.
The Financial Services Compensation Scheme warns consumers on scam email
14 February 2018
FSCS is warning consumers to avoid emails addressed from Bonham Holdsworth or Jefford W. Rangham. FSCS is not connected with these two individuals in any way.
Summary note on the basis of claims for the three SIPP Operators declared in default
19 January 2018
FSCS has declared Stadia Trustees Ltd, Brooklands Trustees Ltd and Montpelier Pension Administration Services Ltd in default. Read all the details here.
FSCS warns consumers about scam website
30 October 2017
The Financial Services Compensation Scheme (FSCS) is warning consumers to avoid a Russian site claiming to represent the Scheme and asking people to register a claim.
FSCS consumer warning! Be wary of scam emails
20 September 2017
The Financial Services Compensation Scheme (FSCS) is warning consumers to be wary of fake emails from fraudsters claiming to represent FSCS.