| Link(s): | FSCS annual report and accounts 2026 | FSCS FSCS Annual Report 2025/26 | FSCS FSCS Annual Report and Accounts 2025-26 FSCS Class Statements 2025/26 |
Context
FSCS has announced the publication of its 2025/26 Annual Report and Accounts and Class Statements. The Report and Accounts set out FSCS work and achievements over the past financial year, and the Class Statements summarise the source of FSCS levies and how it has used these funds. FSCS paid over 14,000 individual customers, responded to major firm failures, and recovered more than £34m in 2025/26. It also implemented the increased £120,000 deposit protection limit, protecting even more of people’s savings.
Key points to note and next actions
Highlights from 2025/26 include:
- £267m paid across FSCS’s deposits, insurance, advice and investment services, with over 14,000 individual customers compensated;
- over £34m recovered from the estates of failed firms and relevant third parties, contributing to £145m over the last three years, helping to reduce costs for levy payers;
- close to 12,000 advice and investment claims resolved, maintaining high quality and customer satisfaction scores; and
- around 18,000 Premier Insurance Company Ltd policyholders supported to maintain continuity of cover or receive policy refunds when the firm failed.
The report also outlines FSCS’s response to key regulatory developments, including the increase in the deposit protection limit to £120,000 from December 2025. The limit for qualifying Temporary High Balances has also increased to £1.4m for up to six months. This means more savings are protected, providing greater reassurance to consumers.