Written Question·Treasury·UIN HL1952
Annuities: Financial Services Compensation Scheme
Tabled: 13 July 2026
Answered: 17 July 2026
Question
To ask His Majesty's Government what risk analysis have they conducted, or asked regulators to conduct, to stress-test the payments currently expected from the Financial Services Compensation Scheme, should one or more underwriter, reinsurer or supplier o
Answer
The Financial Services Compensation Scheme (FSCS) funds its compensation costs through levies on the financial services sector and recoveries against firms that have failed. As FSCS levies industry following payment of compensation or securing continuity ...
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