30Jan
Bank of England considers returning the FSCS compensation limit to £85,000
by Insignis in Newsletter Archive
So, what is the FSCS scheme and why was it put in place?
Deposit guarantee schemes exist to protect depositors against authorised firms that are unable to pay or become insolvent. The European Commission requires all countries to provide a last resort protection to consumers in the event of a bank failure. Rules exist in the form of an EU directive for offering a limited level of protection, faster pay-out and improved internal financing of the schemes by each bank. This provides protection on both an individual front and a wider economic level.Do you have more questions about the FSCS deposit guarantee and how it affects savers?
Insignis Cash Solutions specialises in active management of client deposits including helping clients gain incremental FSCS protection by opening multiple accounts across various financial institutions with a simple one-signature solution.Press Contacts

We are excited to announce that, after a period of extraordinary growth, we are expanding our team! We have sever… t.co/el8w1ppwZX
The UK Savings market has already seen interest rates fall in recent years. So just how exactly will the introducti… t.co/v4nFlfR4j6
After a catastrophic year for savings rates, the current way that HMRC calculates and deducts tax for eligible save… t.co/bMDEnbLuSM
As the negative interest rate subject matter continues to pick up momentum, we discuss what business owners may nee… t.co/6cHHepcoJR
We are delighted to have won the @SavingsChampion 'Best Cash Platform 2021' Award, recognising Insignis as best in… t.co/X9msqtD7fw