Financial Services Compensation Scheme
- Financial Services Compensation Scheme
The Financial Services Compensation Scheme is a "statutory fund of last resort" in the United Kingdom, set up under the Financial Services and Markets Act 2000 to compensate customers of "authorised financial services firms" in the event of their insolvency. The scheme covers deposits, insurance policies, insurance brokering, investments, mortgages and mortgage arrangement.
Compensation limits
References
*cite web | url=http://news.bbc.co.uk/1/hi/business/6994746.stm | title=What if Northern Rock goes bust? | date=2007-09-14 | accessdate=2007-09-15 | publisher=BBC News
*cite web | url=http://www.fscs.org.uk/consumer/key_facts/Limitations_of_the_scheme/Compensation_Limits/ | title=FSCS - Consumer home page - Consumer Key Facts - Limitations of the scheme - Compensation Limits | accessdate=2007-10-05 | publisher=FSCS
*cite web | url=http://www.fscs.org.uk/consumer/FAQs/Deposit_claims_FAQs/ | title=FSCS - Consumer home page - Consumer FAQs about FSCS - Deposit claims FAQs | accessdate=2008-03-18 | publisher=FSCS
External links
* [http://www.fscs.org.uk/ Financial Services Compensation Scheme]
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