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Total compensation value of claim payments by financial services compensation scheme in the United Kingdom (UK) in 2021/2022, by instrument (in million GBP)

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Source

Release date

July 2022

Region

United Kingdom

Survey time period

2021/2022

Citation formats

Financial services compensation: total claim payments value in the UK in 2021/2022

Published by Jenny Yang, Jul 5, 2022
As of 2021/2022, the total amount of compensation paid out by the Financial Services Compensation Scheme (FSCS) in the United Kingdom (UK) for life distribution and investment intermediation claims was the highest among the instruments considered. Total compensation paid out for this instrument amounted to a value of approximately *** million British pounds. Total compensation value of claims paid out for general insurance provision and investment provision followed, with approximately *** million and *** million British pounds respectively.
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Statistics on " Financial complaints and compensation in the United Kingdom "

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