Protection

Read the articles in our protection section to find out the latest news on FSCS protection and the wider issues facing the financial services industry.

E-money and prepaid accounts – why doesn’t FSCS protect my money?

Following the Wirecard suspension, we explain why e-money (electronic money) isn’t something FSCS protects and tell you how to check your money is safe.

03 July 2020

If your bank fails...

FSCS protects up to £85,000 of your money. Emma McAllister explains how this works in practice.

10 June 2020

FSCS allocation of claims regarding IFAs and SIPP operators

When customers suffer losses as a result of failed investments made via aSIPP there are often a number of different firms which may be liable for some or all of those losses.

06 March 2020

Summary note on the basis for protected claims against London Capital & Finance plc

A summary note detailing the background, response and next steps in FSCS's response to London Capital & Finance's failure.

12 July 2019

Summary note on the basis of claims for Active Wealth

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.

15 May 2018