Written Question·Treasury·UIN 58224

Financial Services Compensation Scheme

Tabled: 9 June 2025

Answered: 12 June 2025

Named Day

Question

Stephen Gethins

Scottish National Party — Arbroath and Broughty Ferry

To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of changing the terms of the Financial Services Compensation Scheme to reimburse legal costs for victims of fraud.

Answer

Emma Reynolds

The rules governing the Financial Services Compensation Scheme (FSCS) for consumers of failed authorised firms, including where those consumers have been the victims of fraud, are set by the Prudential Regulation Authority (PRA) and the Financial Conduct ...

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