On 31 March 2025, the Bank of England Prudential Regulation Authority (PRA) announced a significant proposal: raising the Financial Services Compensation Scheme (FSCS) deposit protection limit from ...

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 ...

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 PRA has published a policy statement on increases to the deposit protection limits under the Financial Services Compensation Scheme (FSCS) and changes to disclosure requirements to ensure ...

Proposed increases in the deposit protection limit from £85,000 to £110,000 and in the temporary high balance limit from £1 million to £1.4 million would take effect from 1 December 2025. There would ...

THOUSANDS of savers are being urged to act fast — or risk losing protection on their cash and facing hefty penalties if they wait too long to move it. Nationwide officially completed its takeover ...

Customers with bank accounts in the UK will see a significant increase in the amount of money that is protected if their bank or building society collapses. The deposit protection scheme means ...

Remember back in 2007 when queues of people waited to withdraw their money from the stricken Northern Rock bank? Customers arrived before dawn to ensure they could collect their cash amid panic that ...

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The government-backed Financial Services Compensation Scheme (FSCS), which protects deposits and savings (including cash ISAs) held in a UK-authorised bank, building society or credit union if goes ...

The increase in the FSCS depositor protection limit to £120,000 may appear straightforward at the policy level. In practice, however, it is highlighting broader operational and governance ...

The Financial Services Compensation Scheme likes to claim it is protecting consumers. Advisers and providers who have just had their latest demands for levies, with the warning that next time they ...