What is the Financial Services Compensation Scheme (FSCS)?

The Financial Services Compensation Scheme (FSCS) is the UK's statutory fund of last resort for customers of financial services firms. This means that the FSCS can pay compensation to consumers if a financial services firm is unable, or likely to be unable, to pay claims against it.

The FSCS is an independent body, set up under the Financial Services and Markets Act 2000 (FSMA). They do not charge individual consumers for using their service.

If you have more questions about the scheme you can download an FSCS leaflet (PDF, 3.66MB), visit the FSCS website(opens in a new window) for more information.