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.

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 ...

The Prudential Regulation Authority is looking at raising the deposit protection limit of the Financial Services Compensation Scheme from £85,000 to £110,000. The deposit protection limit represents ...

The amount of money savers get back if their bank or building society goes bust could be raised by £25,000 later this year, under proposals being consulted on. The deposit protection limit of the ...

Only a quarter of consumers trust the UK financial services industry to act in the best interests of clients, while 31 per cent distrust the industry, according to research by the Financial Services ...

The Financial Services Compensation Scheme (FSCS) is an important aspect of investor protection in the UK. Similar in function to the US FDIC, certain financial accounts are insured by the government ...

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or ...