Financial Services Financial Services

UK financial-services compensation program is last resort, FCA says as costs soar

By Fiona Maxwell
  • 06 Dec 2021 06:35
  • 06 Dec 2021 06:39
Funding of the UK’s financial-services compensation program could change as well-run businesses complain that they have to fund the failure of poorly run peers.
The Financial Conduct Authority set out its thinking today in a discussion paper on the UK’s Financial Services Compensation Scheme, or FSCS, the fees for which

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Fiona Maxwell

Senior Correspondent

Fiona Maxwell is a financial services senior correspondent at MLex in London. She began her career as a reporter for, writing about EU post-crisis regulation, and later worked for POLITICO in Brussels, covering the intersect between financial policy and politics. Prior to joining MLex, Fiona worked at the Bank of England as a policy adviser in the prudential policy directorate.

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