Press Releases
The press releases shown below are available to download as Adobe PDF documents. To view Adobe PDFs, you may need to download Adobe Acrobat Reader first, alternatively a free copy of any of the press releases can be sent to you by post on request.
Press Releases issued in 2012
- 2 February 2012 - FSCS publishes its Plan and Budget: 2012/13
- 5 January 2012 - FSCS calls for the industry to play a powerful role in restoring consumer confidence
Press Releases issued in 2011
- 14 December 2011 - More clarity on the way for consumers about deposit protection
- 18 November 2011 - Northern Rock and Virgin Money savers reassured on compensation limits
- 29 September 2011 - FSCS steps in to protect customers of Wilmslow Financial Services PLC (formerly trading as Freedom Finance)
- 16 August 2011 - Default declarations pave the way for consumers to claim compensation from the FSCS
- 1 July 2011 - FSCS pays out £535m in compensation and delivers faster payouts to consumers
- 6 April 2011 - The FSCS sets annual levy at £217m
- 2 March 2011 - FSCS declares Welcome Financial Services PLC in default
- 17 February 2011 - FSCS response to HMT announcement on regulatory framework
- 2 February 2011 - FSCS publishes its Plan and Budget: 2011/12
- 27 January 2011 - FSCS steps in to protect members of South East Birmingham Community Credit Union
- 20 January 2011 - FSCS announces 2010/11 interim levy for the costs of major investment failures
- 14 January 2011 - FSCS compensates most members of Havant Area Savers Credit Union within new seven day target
- 7 January 2011 - FSCS steps in to protect members of Havant Area Savers Credit Union
- 6 January 2011 - FSCS launches awareness programme today to boost consumer awareness
- 6 January 2011 - FSCS launches awareness programme today to reassure consumers and boost confidence in financial products
Press Releases issued in 2010
- 27 October 2010 - FSCS can help consumers claim up to £50,000 in compensation
- 23 July 2010 - FSCS appoints Director of Central Services
- 22 July 2010 - FSCS publishes Annual Report and Accounts 2009/10
- 29 March 2010 - FSCS announces 2010/11 levy and 2009/10 interim levy
- 12 February 2010 - FSCS publishes Plan and Budget 2010/11
- 29 January 2010 - New Chief Executive Announced
Default declarations
- 23 December 2010 - Default declarations pave the way for consumers in England to claim compensation from the FSCS
- 23 December 2010 - Default declarations pave the way for consumers in the UK to claim compensation from the FSCS
- 22 December 2010 - Default declarations pave the way for consumers in England and Scotland to claim compensation from the FSCS
- 21 December 2010 - Default declarations pave the way for consumers in the UK to claim compensation from the FSCS
- 3 September 2010 - Help on the way for members of Landsker Credit Union
- 1 July 2010 - Wills & Co Stockbrokers Limited declared in default
- 26 April 2010 - Consumers able to claim up to £50,000 in compensation
- 14 April 2010 - Redcar and District Credit Union declared in default
- 14 April 2010 - 5 Mortgage Advisors declared in default
Press releases issued in 2009
- 16 Dec 2009 - Director of Operations Appointed
- 11 Dec 2009 - NDF / DRL and ARC - FSCS considering individual claims
- 23 Oct 2009 - Deadline Approaches for Icesave Customers
- 05 Oct 2009 - FSCS Chief Executive Loretta Minghella to step down in 2010
- 31 Jul 2009 - FSCS publishes Annual Report 2008/09
- 29 Jul 2009 - FSCS announces first levy for bank failures of 2008
- 24 Jul 2009 - Changes to compensation rules
- 30 Mar 2009 - Interim levy for 2008/09 and levies for 2009/10
- 12 Feb 2009 - FSCS publishes Plan and Budget: 2009/10
Default declarations
- 07 Dec 2009 - 2 Credit Unions declared in default
- 07 Dec 2009 - 3 Mortgage and Insurance Intermediaries declared in default
- 07 Dec 2009 - 5 Insurance Intermediaries declared in default
- 01 Dec 2009 - 15 Investment firms declared in default
- 13 Nov 2009 - Keydata Investment Services declared in default
- 14 Sep 2009 - 2 Mortgage advisers declared in default
- 14 Sep 2009 - 2 Insurance intermediaries declared in default
- 01 Sep 2009 - 4 Credit Unions declared in default
- 11 Aug 2009 - 22 firms declared in default
- 07 Aug 2009 - Picture Financial Services Plc declared in default
- 24 Jul 2009 - Protection for customers of Global Trader Europe Ltd
- 16 Jun 2009 - Lancs & South Yorks mortgage advisers declared in default
- 04 Jun 2009 - Protection for customers of Echelon Wealth Management Ltd
- 08 Apr 2009 - Consumers able to claim up to £48,000 in compensation
- 23 Feb 2009 - FSCS declares Square Mile Securities Limited in default
- 28 Jan 2009 - Pacific Continental Securities (UK) Limited declared in default
- 14 Jan 2009 - 300 members of credit unions invited to claim compensation
Press releases issued in 2008
- 05 Dec 2008 - FSCS urges Icesave customers to claim their compensation
- 16 Nov 2008 - FSCS pays out £0.25bn to Icesave customers
- 04 Nov 2008 - FSCS sends first email to over 200,000 UK Icesave customers
- 24 Oct 2008 - Accelerated compensation process for Icesave customers
- 24 Oct 2008 - FSCS starts paying compensation to Heritable Bank customers
- 17 Oct 2008 - Heritable and Kaupthing Singer & Friedlander
- 07 Oct 2008 - FSCS gears up to assist Icesave's UK branch customers
- 10 Apr 2008 - Net levy contributions to decrease by £2.4 million
- 06 Feb 2008 - FSCS Plan and Budget 2008/09 - A year of change
- 30 Jan 2008 - Consultation on financial stability and depositor protection
- 24 Jan 2008 - FSCS tops £1 billion in compensation
Default declarations
- 11 Dec 2008 - Default declarations
- 09 Oct 2008 - Heritable and Kaupthing Singer & Friedlander
- 08 Oct 2008 - Icesave
- 29 Sep 2008 - Bradford & Bingley
- 09 Sep 2008 - 27 firms declared in default
- 12 Jun 2008 - Credit unions
- 03 Jun 2008 - 34 firms declared in default
- 20 May 2008 - Mortgage advice firm in default
- 02 Apr 2008 - 35 firms declared in default
- 27 Mar 2008 - Charles Dutton Asset Management Ltd
- 19 Mar 2008 - Credit union in Edgbaston
- 06 Feb 2008 - 2 failed credit unions
- 22 Jan 2008 - 33 firms declared in default
Press releases issued in 2007
- 17 Dec 2007 - £40 million levy refund for general insurance companies
- 12 Nov 2007 - Streetcred customers urged to submit claim
- 29 Oct 2007 - Streetcred members paid in just nine days
- 17 Jul 2007 - £150m of compensation paid out
- 11 May 2007 - FSCS appointments
- 04 Apr 2007 - FSCS 2007/08 initial levy announcement
- 02 Feb 2007 - FSCS Plan and Budget 2007/08
Default declarations
- 26 Nov 2007 - BFS Investments Plc
- 26 Nov 2007 - 19 firms declared in default
- 18 Oct 2007 - Streetcred Credit Union
- 16 Oct 2007 - 45 firms declared in default
- 03 Oct 2007 - Your Health Plus Insurance Services Limited
- 04 Sep 2007 - 21 firms declared in default
- 31 Jul 2007 - FSCS to protect credit union members
- 18 Jul 2007 - 28 firms declared in default
- 12 Jun 2007 - 22 firms declared in default
- 07 Jun 2007 - FSCS to protect credit union members
- 22 May 2007 - 29 firms declared in default
- 02 May 2007 - Exeter Fund Managers Ltd
- 11 Apr 2007 - 42 firms declared in default
- 13 Mar 2007 - 19 firms declared in default
- 13 Feb 2007 - 28 firms declared in default
- 12 Feb 2007 - FSCS to protect credit union members
- 16 Jan 2007 - 24 firms declared in default
Press releases issued in 2006
- 13 Nov 2006 - St Columba's credit union
- 30 Oct 2006 - New consumer guide and online flowcharts published
- 30 Oct 2006 - New Executive director for FSCS
- 05 Jul 2006 - 180% increase in claims completed
- 01 Feb 2006 - FSCS Plan and Budget 2006/07 published today
- 01 Feb 2006 - FSCS launches online service for endowment claimants
- 19 Jan 2006 - Compensation refund and levy
Default declarations
- 20 Dec 2006 - 49 firms declared in default
- 08 Nov 2006 - 80 firms declared in default
- 11 Oct 2006 - 44 firms declared in default
- 09 Oct 2006 - St Columba's credit union
- 04 Oct 2006 - Furness Credit Union
- 28 Sep 2006 - 3 insurance intermediaries
- 26 Sep 2006 - 64 firms declared in default
- 12 Sep 2006 - 46 firms declared in default
- 23 Aug 2006 - BBB Network Limited
- 22 Aug 2006 - FSCS to protect credit union members
- 10 Aug 2006 - 42 firms declared in default
- 19 Jul 2006 - Monarch Insurance Services Limited
- 13 Jul 2006 - 87 firms declared in default
- 13 Jun 2006 - 26 firms declared in default
- 09 May 2006 - 23 firms declared in default
- 28 Apr 2006 - Mortgage Advisory Centre Limited
- 24 Apr 2006 - FSCS to protect credit union members
- 11 Apr 2006 - 31 firms declared in default
- 14 Mar 2006 - 65 firms declared in default
- 20 Feb 2006 - FSCS to protect customers of Drive Direct
- 17 Feb 2006 - 30 firms declared in default
- 17 Feb 2006 - Default declarations by region
- 10 Jan 2006 - 39 firms declared in default
- 10 Jan 2006 - Default declarations by region
Press releases issued in 2005
- 14 Nov 2005 - Endowment claims flood in to FSCS
- 18 Jul 2005 - £175m compensation paid to consumers in 2004/05
- 26 May 2005 - FSCS initial 2005/06 levy reduced for general insurers
- 08 Apr 2005 - FSCS sets initial 2005/06 levy at £160.7m
- 04 Mar 2005 - FSCS in talks to protect Exeter investors
- 26 Jan 2005 - FSCS Plan and Budget 2005/06
Default declarations
- 13 Dec 2005 - 17 firms declared in default
- 13 Dec 2005 - Default declarations by region
- 09 Nov 2005 - 33 firms declared in default
- 09 Nov 2005 - Default declarations by region
- 11 Oct 2005 - 18 firms declared in default
- 11 Oct 2005 - Default declarations by region
- 13 Sep 2005 - 43 firms declared in default
- 13 Sep 2005 - Default declarations by region
- 19 Jul 2005 - 43 firms declared in default
- 19 Jul 2005 - Default declarations by region
- 24 Jun 2005 - FSCS to protect credit union members
- 08 Jun 2005 - 33 firms declared in default
- 08 Jun 2005 - Default declarations by region
- 11 May 2005 - Whiteley Insurance Consultants
- 12 Apr 2005 - 38 firms declared in default
- 12 Apr 2005 - Default declarations by region
- 08 Mar 2005 - 32 firms declared in default
- 08 Mar 2005 - Default declarations by region
- 08 Feb 2005 - Five firms declared in default by FSCS
- 08 Feb 2005 - Default declarations by region
- 13 Jan 2005 - 16 firms declared in default by FSCS
- 13 Jan 2005 - Default declarations by region
Press releases issued in 2004
- 08 Sep 2004 - FSCS appoints new Chief Executive
- 05 Jul 2004 - FSCS calls for more funds
- 21 May 2004 - FSCS announces Interim Chief Executive
- 25 Mar 2004 - FSCS announces 2004/05 levy requirements
- 20 Jan 2004 - FSCS petitions House of Lords for leave to appeal Geologistics judgement
Default declarations
- 17 Dec 2004 - David Aaron Partnership declared in default
- 17 Dec 2004 - Default declarations by region
- 10 Nov 2004 - FSCS to protect Hackney South credit union members
- 02 Nov 2004 - Default declarations by region
- 29 Oct 2004 - Protection extended to mortgage advice and arranging
- 06 Oct 2004 - Default declarations by region
- 20 Sep 2004 - Employee Credit Union (Luton Borough Council)
- 08 Sep 2004 - Default declarations by region
- 03 Aug 2004 - Default declarations by region
- 06 Jul 2004 - Default declarations by region
- 02 Jun 2004 - Default declarations by region
- 05 May 2004 - Default declarations by region
- 06 Apr 2004 - Default declarations by region
- 04 Mar 2004 - Default declarations by region
- 29 Jan 2004 - Default declarations by region
Press releases issued in 2003
- 18 Dec 2003 - FSCS considering Geologistics judgement
- 23 Oct 2003 - FSCS refunds £4m to deposit-takers
- 08 Jul 2003 - FSCS 2002-03 Annual Report
- 09 May 2003 - FSCS announces £87.9m levy
Default declarations
- 17 Dec 2003 - Default declarations by region
- 28 Nov 2003 - Default declarations by region
- 19 Nov 2003 - FSCS will protect credit union members
- 5 Nov 2003 - Default declarations by region
- 20 Oct 2003 - FSCS will compensate credit union members
- 30 Sep 2003 - Default declarations by region
- 30 Jul 2003 - Default declarations by region
- 25 Jun 2003 - Default declarations by region
- 28 May 2003 - FSCS will protect credit union members
- 28 May 2003 - Default declarations by region
- 30 Apr 2003 - Default declarations by region
- 16 Apr 2003 - FSCS will protect credit union members
- 03 Apr 2003 - Default declarations by region
- 28 Feb 2003 - Default declarations by region
- 28 Jan 2003 - Default declarations by region
Press releases issued in 2002
- 26 Nov 2002 - Increases in the pensions review levy 2003/4
- 06 Nov 2002 - FSCS Chief Executive is first Chair of EFDI
- 09 Oct 2002 - FSCS launches consumer guide in 10 languages
- 16 July 2002 - First Annual Report as a single compensation scheme
- 02 July 2002 - Regulation of credit unions is a 'win-win' situation
- 29 May 2002 - FSCS launches guide for investors
- 13 May 2002 - FSCS announces £56.4m levy 2002/03
- 25 April 2002 - New Group Manager, Insurance, for FSCS
- 01 Mar 2002 - Policyholders Protection Board Reports and Accounts
- 06 Feb 2002 - Final Report and Accounts for Deposit Protection Board
- 07 Jan 2002 - £150m levy on general insurance firms
Default declarations
- 11 Dec 2002 - Default declarations by region
- 30 Oct 2002 - Default declarations by region
- 25 Sep 2002 - Default declarations by region
- 16 Sep 2002 - FSCS will protect Thameswood members
- 31 Jul 2002 - Default declarations by region
- 26 Jun 2002 - Default declarations by region
- 29 May 2002 - Default declarations by region
- 27 Mar 2002 - Default declarations by region
- 27 Feb 2002 - Default declarations by region
- 30 Jan 2002 - Default declarations by region
Press releases issued in 2001
- 19 Dec 2001 - FSCS announces 8 firms in default
- 30 Nov 2001- FSCS launches consumer guide
- 14 Nov 2001 - Safety of money is paramount, say consumers