When choosing a financial provider to stash your money with, be sure to check for FSCS protection. This vital compensation scheme means you could get your money back if the provider goes belly up.

The Financial Services Compensation Scheme protects up to £120,000 per person for each 'authorised institution' or banking ...

The deposit protection limit for savers if their bank or building society fails could be raised by £25,000 later this year, under proposals being consulted on. The Bank of England’s Prudential ...

Via FSCS, if a bank or building society fails and cannot pay back a person's money, the customer can get automatic compensation. This is if the firm failed after January 1, 2017. Compensation is of up ...

The Financial Conduct Authority has said it is still open to reducing the amount of FSCS protection afforded to investment advice, following feedback to its compensation framework review. In its ...

FSCS protection is something you may be aware of but have never had to use. We explain everything you need to know about how it works. The content of this article was relevant at the time of ...