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A Guide To The Financial Services Compensation Scheme

A Guide to the Financial Services Compensation Scheme

When you save with Clockwise Credit Union you have the peace of mind that your money is safe under the Financial Services Compensation Scheme (FSCS).

The FSCS is the UK’s compensation fund for customers of authorised financial services firms and may pay compensation if a firm is unable to pay claims against it.

The FSCS are independent of the government and the financial industry, and were set up under the Financial Services and Markets Act 2000, becoming operational on 1 December 2001. Individual consumers for using our service.

Read further information about the FSCS Deposit Guarantee Scheme.

 

 

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