FSCS news

Read the latest news and updates regarding FSCS. Learn about our work with the industry, new staff appointments and other projects we’re involved in.

Compensation scheme to levy financial services firms £378m in 2017/18

FSCS today publishes its Plan and Budget for 2017/18. It provides FSCS’ expected management costs and forecasts of the levies firms will pay next year.

16 January 2017

FSCS pays over £26m in compensation for Enterprise Insurance claims

FSCS has paid over £26m in compensation to more than 30,000 Enterprise Insurance policyholders. We will compensate remaining customers as soon as possible.

22 December 2016

FSCS has paid over £2m in compensation on return of premium motor policy claims following the collapse of Enterprise Insurance

FSCS has paid more than £2m in return of premium motor claims to thousands of consumers in just two weeks following Enterprise Insurance's collapse.

14 November 2016

FSCS has now paid return of premium claims for customers of European Risk Insurance Company

FSCS has now paid back all premiums to customers of European Risk Insurance Company. FSCS has paid almost £117,000 to ERIC customers since January 2016.

05 August 2016

FSCS pays out £271m against failed financial services firms in one year

Tens of thousands of people got their money back last year thanks to FSCS, after firms offering financial services failed or stopped trading for another reason.

15 July 2016