When choosing a financial provider to stash your money with, be sure to check for FSCS protection. This vital compensation scheme means you could get your money back if the provider goes belly up.

On 31 March 2025, the Bank of England Prudential Regulation Authority (PRA) announced a significant proposal: raising the Financial Services Compensation Scheme (FSCS) deposit protection limit from ...

The deposit protection limit for savers if their bank or building society fails could be raised by £25,000 later this year, under proposals being consulted on. The Bank of England’s Prudential ...

Proposed increases in the deposit protection limit from £85,000 to £110,000 and in the temporary high balance limit from £1 million to £1.4 million would take effect from 1 December 2025. There would ...

The PRA has published a policy statement on increases to the deposit protection limits under the Financial Services Compensation Scheme (FSCS) and changes to disclosure requirements to ensure ...

The Prudential Regulation Authority is looking at raising the deposit protection limit of the Financial Services Compensation Scheme from £85,000 to £110,000. The deposit protection limit represents ...

The amount of money savers get back if their bank or building society goes bust could be raised by £25,000 later this year, under proposals being consulted on. The deposit protection limit of the ...

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