Financial Services Compensation Scheme

Default declarations pave the way for consumers in the South West to claim compensation from the FSCS

Consumers in the South West may be entitled to compensation if they have lost money as a result of their dealings with one of several home financial firms the Financial Services Compensation Scheme (FSCS) has declared in default.

The FSCS is the UK’s statutory compensation scheme for customers of regulated financial services firms. A declaration of default means the FSCS is satisfied...