Since 2001 we’ve helped millions of people get their money back from failed financial institutions. Query about your claim? Contact us: fscs.org.uk/contact-us
Telltale signs of fraud
- A cold call
- A mention of 'guaranteed returns'
- A request for an upfront payment
- An email address which is filled with random numbers or is misspelled
Learn More: fscs.org.uk/how-we-work/do-y…#FSCS#FSCSprotected
If your bank, building society or credit union fails, you don't have to do anything. We usually refund the money held in your account within 7 days. We're free, independent and set up by parliament.
More details here: fscs.org.uk/what-we-cover/ba…#FSCS#FSCSprotected
Beware of fake websites and emails claiming to be from FSCS. We will never ask for money. Not before we start, not during the claims process, and not afterwards. We’re a completely free service.
Find out how to avoid scams:
fscs.org.uk/news/fraud/scam-…#FSCS#FSCSprotected#Scams
We have worked with 6 other organisations to launch a campaign to reassure consumers about pension protection, particularly in light of Covid-19. If you are worried about your pension or need to know more please read: fscs.org.uk/news/fscs-news/p…
If you’ve got money in a debt management plan run by a specialist debt management firm that’s failed, we may be able to pay you compensation.
Find out more:
#FSCS#FSCSprotected
FSCS paid out £473m to 425,760 customers of failed firms during 2018/19 to help them get back on track by covering losses relating to pensions, investments, deposits and insurance policies.
#FSCSprotected#Compensation
Make sure that the product you are signing up for is protected by the FSCS. It is not enough for the firm selling the product to be authorised by the FCA/PRA. The actual product they are selling must also be regulated. If in doubt check with @thefca & ask your firm or broker too.
“Financial services are complex but we need to find a way of using simple language so people know what they are invested in and what products are protected by us and not protected.” - Caroline Rainbird #FSCS CEO
#FSCSprotected#MondayThoughts
FSCS protects you when financial firms fail.
We’ve helped millions of people and paid billions of pounds in compensation since 2001.
#FSCS#FSCSProtected
We protect temporary high balances in your bank account of up to £1million for up to six months. Certain life events can cause a temporary high balance in your account:
- Property Sale
- Redundancy
- Benefits on retirement
- Inheritance
Find out more - fscs.org.uk/how-we-work/temp…
If your UK-authorised Bank, Building Society or Credit Union fails, we protect certain qualifying temporary high balances up to £1 million for up to six months from when the amount was first deposited.
#FSCS#FSCSprotected#Temporary#High#Deposits
Major events like the current pandemic often provide just the opportunity scammers are looking for. They know you might be considering your savings and investments at the moment, so it's more important than ever to stay alert. Find out more: fscs.org.uk/news/fraud/prote…
The Monthly Customer Shout is a quick and informal huddle hosted by our COO Jimmy Barber. This is a way to ensure staff are all up-to-date on the levels and quality of service we are delivering to customers.
#FSCS#FSCSprotected#Customer1st#MonthlyCustomerShout
Pensions, check.
Investments, check.
FSCS Check.
Today we've launched our new pensions and investments marketing campaign. Look out for our ads on TV, radio, in magazines and online!
Find out how to check your money's protected: fscs.org.uk/
Our investigation into LCF leads us to be believe that there are protected claims, which may result in compensation for some of its investors.
Find out more: fscs.org.uk/failed-firms/lcf…
We’re counting down to #LivingWageWeek (11th -17th November 2019).
We look forward to celebrating with Living Wage UK
Being a #LivingWage Employer is a really awesome experience. #FSCS#FSCSprotected
If you hold money with a UK-authorised bank, building society or credit union that fails, we’ll automatically compensate you.
- Up to £85,000 per eligible person, per bank, building society or credit union.
- Up to £170,000 for joint accounts.
#FSCS#FSCSprotected#Deposits
If your UK-authorised Bank, Building Society or Credit Union fails, we protect certain qualifying temporary high balances up to £1 million for up to six months from when the amount was first deposited.
#FSCS#FSCSprotected#Temporary#High#Deposits
October welcomes Black History Month! It’s a wonderful opportunity to be part of the national celebrations and events to honour the accomplishments of Black Britons who have enriched our society throughout history.
#BlackHistoryMonth#HonouringThePast#InspiringTheFuture
#FSCS provides protection when firms fail - reassuring people in a crisis and enabling people to buy regulated financial products with confidence.
#FSCSprotected
We have determined that due to mis-selling of mini-bonds, many Basset & Gold bondholders who bought their mini-bonds through B&G Finance Ltd may be able to claim compensation up to the £85,000 limit.
Read more: fscs.org.uk/failed-firms/bas…
#FSCS provides protection when firms fail - reassuring people in a crisis and enabling people to buy regulated financial products with confidence.
#FSCSprotected
2018/2019 - 96% of complaints responded to within 20 working days; 91% of complaints and reviews (combined) responded to within 20 working days.
#FSCS#FSCSprotected
If you hold money with a UK-authorised bank, building society or credit union that fails, we’ll automatically compensate you.
- Up to £85,000 per eligible person, per bank, building society or credit union.
- Up to £170,000 for joint accounts.
#FSCS#FSCSprotected#Deposits
FSCS officially signed as a member of the Mindful Business Charter last night. It coincided with the #WorldMentalHealthDay. The idea behind this initiative is to cut down on workplace practices that contribute to stress and poor mental health among lawyers. #FSCS#FSCSprotected
We are proud to be recognised by the Mayor’s good work standard as an Excellent employer. Our organisation is continuing to help customers get back on track whilst we all work remotely during these challenging times. Protect the people you love. Stay at home #FSCS#LondonTogether
Former football player and coach Paul Mortimer @pmorts shares his thoughts and experiences on stereotypes and how to deal with prejudice and racism in the workplace with FSCS Staff, as part of celebrations to mark #BlackHistoryMonth
but there are further issues that need examining. We’re focusing on whether there was any regulated advising, arranging or other activities that may trigger our compensation. We also need to better understand the nature of the relationship between LCF and Surge Financial Ltd.
#FSCS provides protection when firms fail - reassuring people in a crisis and enabling people to buy regulated financial products with confidence.
#FSCSprotected
East London Credit Union Ltd - trading as Waltham Forest Community Credit Union has failed. We'll automatically pay back your money, according to the account details we receive from the credit union. We'll contact you by post.
Full details: fscs.org.uk/failed-firms/eas…
#FSCS provides protection when firms fail - reassuring people in a crisis and enabling people to buy regulated financial products with confidence.
#FSCSprotected
Braniel Credit Union in South-East Belfast has failed which means it cannot pay money to its 238 members. However, we've stepped in to protect them. We expect to pay a total of £239,000 to all customers automatically, usually within 7 days
Read more here: bit.ly/2EZXzsy
We paid 100% of depositors in failed credit unions within seven days, where information is available, and reduced end-to-end claims time for other products from 154 days in 2017/18 to 139 days in 2018/19.
#FSCS#FSCSproteceted#CreditUnion#Claims#Stats
Think you've been contacted by someone at FSCS? 🤔
It's best to think twice before taking any action. Scammers can sometimes pretend to be well-known organisations to get access to your money.
Learn how to spot the signs of #fraud and #scams: fscs.org.uk/making-a-claim/c…
If your UK-authorised Bank, Building Society or Credit Union fails, we protect certain qualifying temporary high balances up to £1 million for up to six months from when the amount was first deposited.
#FSCS#FSCSprotected#Temporary#High#Deposits
LCF update: Permission for a judicial review of part of FSCS’s approach to LCF has been granted. As required by Court Order, we are publishing a notice to LCF bondholders along with some questions and answers.
Read the full update: fscs.org.uk/failed-firms/lcf…#FSCS#LCF
Midas Financial Solutions (Scotland) Ltd is no longer authorised and as such is no longer able to provide regulated products or services. We are now accepting claims against this firm.
Read the full update and subscribe to our email updates here: fscs.org.uk/failed-firms/mid…
British adventurer and fastest female to row the Atlantic solo & unsupported, Kiko Matthews, shares her experiences and provides fascinating insight into how she makes her money (non traditional earnings) work.
Podcast Debut: 7th January 2020
#FSCS#FSCSprotected#ThisIsMoney
S & M Hughes Ltd (trading as Crescent Financial) was placed into liquidation in September. Many British steel workers based in Port Talbot were affected. If you or anyone you know may have been affected, please click here to find out how we can help: fscs.org.uk/failed-firms/cre…