What we cover

If you hold money with a UK-authorised credit union, bank or building society that fails, we’ll automatically compensate you.

• up to £85,000 per eligible person, per bank, building society or credit union.
• up to £170,000 for joint accounts.

We protect certain qualifying temporary high balances up to £1 million for 6 months from when the amount was first deposited.

You don’t need to do anything – FSCS will compensate you automatically.

You can easily see how much of your money is protected by using our bank & savings protection checker.

If you hold money with a debt management firm that fails, we may be able to compensate you:

• up to £85,000 per eligible person, per firm.

You don’t need to do anything – FSCS will compensate you automatically.

• up to £50,000 per eligible person, per firm.

If you bought your insurance policy from an insurance firm that’s failed, the kind of insurance you have and when the firm failed will affect how much compensation you could claim.

100% protected: 

Compulsory insurance

Long-term insurance

Professional indemnity insurance

Claims arising from the death or incapacity of the policyholder due to injury, sickness or infirmity

Building guarantee policies

90% protected: 

All other kinds of insurance

If you bought your insurance policy from an insurance firm that’s failed, the kind of insurance you have and when the firm failed will affect how much compensation you could claim.

100% protected: 

Compulsory insurance

Long-term insurance

Professional indemnity insurance

Claims arising from the death or incapacity of the policyholder due to injury, sickness or infirmity

90% protected: 

All other kinds of insurance

100% protected:

Compulsory insurance

90% protected: 

All other kinds of insurance

100% protected: 

Compulsory insurance

100% protected for the first £2k then 90% of the remainder:

All other kinds of insurance

the kind of insurance you have will affect how much compensation you could claim. See some examples of situations where you may be able to claim compensation if an insurance broker/financial adviser helped you buy your policy.

100% protected:

Compulsory general insurance

90% protected:

All other general insurance

Check if you can claim

We may be able to compensate you if you've a protected claim against a firm that has failed.

• up to £85,000 per eligible person, per firm.

Check if you can claim

• up to £50,000 per eligible person, per firm.

Check if you can claim

• 100% of the first £30,000 and 90% of the next £20,000 up to £48,000 per eligible person, per firm.

Check if you can claim

• up to £85,000 per eligible person, per firm.

Check if you can claim

• up to £50,000 per eligible person, per firm.

Check if you can claim

• 100% of the first £30,000 and 90% of the next £20,000 up to £48,000 per eligible person, per firm.

Check if you can claim

You could claim compensation if you bought a PPI policy and the information you were given was misleading or insufficient, and that firm has since failed. 

• 90% of the total claim.

You would claim against the firm that advised you to take out the policy, not the firm you had the policy with.

• 100% of the first £2,000, per eligible person per firm, then 90% of the remainder.

If your pension provider fails

• 100% of your claim, with no upper limit.

If your SIPP operator fails

• up to £85,000 per eligible person, per firm.

Bad pension advice
If you’ve received bad advice in relation to your pension, you could be eligible to claim compensation.

• up to £85,000 per eligible person, per firm.

If your pension provider fails

• 100% of your claim, with no upper limit.

If your SIPP operator fails

• up to £50,000 per eligible person, per firm.

Bad pension advice
If you’ve received bad advice in relation to your pension, you could be eligible to claim compensation.

• up to £50,000 per eligible person, per firm.

If your pension provider fails

• 90% of your claim, with no upper limit.

If your SIPP operator fails

• up to £50,000 per eligible person, per firm.

Bad pension advice
If you’ve received bad advice in relation to your pension, you could be eligible to claim compensation.

• up to £50,000 per eligible person, per firm.

From 29 July 2022, funeral plan providers that are FCA authorised will also become FSCS protected.

This will mean if you have a funeral plan with an FCA-authorised provider that goes out of business after 29 July 2022, you may be able to claim compensation with FSCS.  This includes funeral plans bought before the FCA regulation date, as long as the provider is approved for FCA authorisation from 29 July.

From 29 July 2022, you may also be able to claim compensation for certain activities carried out by a funeral plan provider or their intermediaries. Examples include advice to take out a plan or how a funeral plan contract is carried out.