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Evening Standard

Vicky Shaw

Financial lifeboat scheme expects to pay £367m in compensation in 2025/26

FSCS Financial Services Compensation Scheme

The Financial Services Compensation Scheme expects to pay out £367 million in compensation in 2025/26 (Dominic Lipinski/PA) - (PA Archive)

A financial lifeboat scheme is expecting to pay out £367 million in compensation in 2025/26.

The Financial Services Compensation Scheme (FSCS), which published the update for its outlook, said the predicted total will be similar to 2024/25, when £372 million is expected to be paid out.

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