What is FSCS Protection?

The Financial Services Compensation Scheme (FSCS) is the UK's statutory deposit-guarantee and compensation scheme of last resort. If an authorised bank, building society, insurer or investment firm fails, the FSCS protects eligible deposits up to £85,000 per person per institution, and offers cover for insurance and investments. It is free to consumers and funded by levies on the financial industry. Protection applies only to FCA/PRA-authorised firms.

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Yolist. (2026). What Is FSCS Protection? Yolist UK Business & Trade Glossary. Retrieved June 9, 2026, from https://yolist.uk/glossary/fscs-protection

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<p>Source: <a href="https://yolist.uk/glossary/fscs-protection">FSCS Protection — Yolist UK Business & Trade Glossary</a></p>