Posts Tagged ‘FSCS’

FSA to raise consumer awareness of deposit protection

Friday, 10 February 2012 12:32 Written by traceyevans 0 Comments

The Financial Services Authority (FSA) is making it obligatory for all banks, building societies and credit unions in the UK to prominently display, in every branch and on every website, how much compensation savers could claim in the event of an institution failing. This is part of a continuing effort by the FSA and the Financial Services Compensation Scheme (FSCS) to improve confidence around compensation by increasing awareness of deposit protection.

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How safe are your savings? A look at the financial services compensation scheme.

Sunday, 04 July 2010 10:41 Written by traceyevans 0 Comments

As Cameron and Clegg implement their plans to reduce Britain’s record £163 billion budget deficit and the country begins to get back on track after the worst recession for more than 100 years, it’s only right that every sensible saver should ask, “Is my money safe?”

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