The Financial Services Compensation Scheme - Compensation limits

The Financial Services Compensation Scheme is operated under the auspices of the FSA. The new body is responsible for compensation schemes in relation to:

• Deposits - 100% of the first £2,000 and 90% of the next £33,000 (total £31,700).

• Investments - 100% of the first £30,000 and 90% of the next £20,000 (total £48,000).

• Insurance

- Compulsory - covered in full.

- Non-compulsory - 100% of the first £2,000 of a claim or policy and 90% of the remainder of the claim or value of the unused premiums.

- Long - term - 100% of the first £2,000 and 90% of the remainder of the value of the policy.