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.

Couple

How FSCS supported customers of MCE Insurance

07 July 2022


FSCS declared MCE Insurance Company Ltd in default on 19 November 2021.  At that time it had close to 105,000 policyholders in the UK, creating a big job for FSCS's various teams.

FSCS staff helping out at Providence Row

Embracing responsible business in 2021/22

07 July 2022


It goes without saying, 2021/22 was a tough year for many people in our communities. Here are just some of the activities FSCS engaged in this year to help the communities that are local to us.

Broken piggy bank

How we paid compensation to customers of London Capital & Finance

07 July 2022


Over the past two years, we have delivered two compensation schemes for LCF customers – one for those eligible for FSCS protection, and another one-off scheme on behalf of HM Treasury.

Research paper 1 graphic

New FSCS consumer research series begins with Pensions and SIPPs

04 July 2022


The first in a new series of research papers from FSCS where we share the results of exclusive research on consumer trends, attitudes and behaviours towards financial products and the protection that FSCS provides.

coins balancing on weighing scales

The front line of financial harm

28 June 2022


FSCS Chief Executive Caroline Rainbird talks about the balance we need to strike to support all our varied stakeholders and the importance of reducing consumer harm.

Caroline Rainbird

Our May 2022 Outlook

26 May 2022


FSCS Chief Executive Caroline Rainbird introduces our May 2022 Outlook, focusing on the levy for 2022/23 levy. 

uncertain investment value

Compensation for illiquid funds – how we’ve made it easier to claim

25 March 2022


We’ve improved how our investment customers can claim compensation payments from FSCS for illiquid funds.

Caroline Rainbird

Our January 2022 Budget Update

12 January 2022


FSCS Chief Executive Caroline Rainbird introduces our November 2021 Outlook, focusing on the 2022/23 Management expenses budget and updates to the 2021/22 Management expenses budget.