What is the Financial Services Compensation Scheme?

What is the Financial Services Compensation Scheme?

The Financial Services Compensation Scheme (FSCS) is the UK's compensation fund of last resort for customers of authorised financial services firms. If an authorised firm becomes insolvent or ceases trading, the FSCS may be able to pay compensation to its customers. As an investment firm, PhillipCapital UK’s clients would fall under the 'investments' claim category, whereby the cover is £50,000 per person per firm. So, if a client held an account with us and, in the event of the firm’s failure, there was a shortfall in segregation, they might be eligible to receive up to £50,000 in compensation from the FSCS.

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