The UK's financial safety net
We secure your savings and assets automatically if an authorised financial firm fails. Operating independently, we restore peace of mind across the United Kingdom.
Independent and statutory
Established under the Financial Services and Markets Act, we operate independently of the financial services industry. We step in to protect consumers when banks, building societies, or insurers fail.
We work closely with the Financial Conduct Authority and the Bank of England to maintain systemic trust. Our free service ensures eligible claims are resolved without cost to you.
No cost to taxpayers
Our operational costs and compensation funds are raised through statutory levies on authorised financial services firms. This ensures the public never pays for the failure of financial institutions.
By placing the responsibility on authorised firms, we maintain a robust safety net that protects everyday savers while promoting high standards of stability across the UK financial sector.
Accountable and transparent leadership
Our board ensures we operate with absolute integrity, transparency, and efficiency. We publish comprehensive annual reports detailing our performance, funding levies, and claims resolved.
Annual Report & Accounts
Regulatory oversight
Review our latest operational metrics, financial statements, and board resolutions in our annual report.
We are accountable to the Treasury and regulators, ensuring every decision aligns with statutory protection standards. Our independent board guides our strategy to deliver fair outcomes for UK consumers.