The FSCS will only pay compensation for financial loss and there are limits as to the amount of compensation it will pay. The scheme is mainly designed to assist private individuals, although smaller businesses are also covered. If your claim is successful, FSCS will pay compensation up to a ...
Compensation is paid only for the financial loss to private clients and small businesses. The maximum amount of compensation per individual depends on each individual case, but may not exceed 75 000 British pounds for deposits, for firms declared insolvent after 2010, and July 3, 2015 FSCS ...