How we are Funded

The FSCS is funded by the financial services industry. Every firm authorised by the UK regulators is obliged to pay an annual levy, which goes towards our running costs and the compensation payments we make.

This levy is split into five broad classes covering each type of firm:

  • deposits
  • life and pensions
  • general insurance
  • investments
  • home finance

Each class has its own tariff to help calculate the levy amount, which means that each firm contributes proportionately, with larger firms paying more than small ones.

For more details on the levy and how it is calculated, visit our Levy Information section.


The Financial Conduct Authority website includes a searchable database of all firms authorised and regulated by the FCA and the Prudential Regulation Authority (PRA).


The Financial Ombudsman Service is the official independent expert in settling complaints between consumers and financial businesses

Jargon Buster

  • Deposits

    money placed in a bank or similar institution to earn interest or for safe-keeping.