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.
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
Capita wins strategic sole partner contract
Following a competitive procurement process, FSCS has awarded its strategic sole partner contract to Capita for the provision of a claims handling service.
15 May 2018
Replacement cheques to be sent to 380 members of South Tyneside Credit Union Limited (trading as First For Money)
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.
06 April 2018
Summary note on the basis of claims for the three SIPP Operators declared in default
FSCS has declared Stadia Trustees Ltd, Brooklands Trustees Ltd and Montpelier Pension Administration Services Ltd in default. Read all the details here.
19 January 2018
FSCS protection has more than doubled since the financial crisis
Two thirds of consumers trust banks and building societies knowing FSCS is there to protect them. Today (14 September) marks ten years since the Bank of England’s announcement of emergency liquidity support for Northern Rock.
14 September 2017