Financial Services Compensation Scheme
2026-07-12 · Treasury · HL1950 · Official question
Question
To ask His Majesty's Government whether the Financial Services Compensation Scheme is underwritten by any public body or Government department.
Answer
The Financial Services Compensation Scheme (FSCS) funds its compensation costs through levies on the financial services sector and recoveries against firms that have failed. As FSCS levies industry following payment of compensation or securing continuity ...