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Category Archives: FSCCS

Changes to Financial Services Compensation Scheme (FSCS)

Author: admin

Posted: 29th October 2015

Category: FSCCS, Market Update

From 1 January 2016, British savers will receive a lower guarantee on their deposits. At present, in the unlikely event that a UK bank or building society collapses, the Financial Services Compensation Scheme (FSCS) will pay compensation of up to £85,000 per person or small business, per authorised bank or…
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