Financial Services Compensation Scheme (FSCS): overview | Practical Law
This note provides an overview of the Financial Services Compensation Scheme (FSCS) and acts as an introduction to Practical Law Financial Services' suite of notes on the FSCS.
This note provides an overview of the Financial Services Compensation Scheme (FSCS) and acts as an introduction to Practical Law Financial Services' suite of notes on the FSCS.
The FSCS is the UK's statutory compensation fund for customers of most financial services firms. It pays compensation, up to certain limits, to eligible customers of financial services firms that are unable, or likely to be unable, to pay claims against them.