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Monday, 31/03/2025 | 11:43 GMT by
Tareq Sikder
- The FSCS has paid over £20 billion in compensation, mostly due to the 2008 financial crisis.
- The proposal to raise the protection limit from £85K to £110K may take effect in December 2025.
The Prudential Regulation Authority (PRA) has proposed
raising the deposit protection limit of the Financial Services Compensation
Scheme (FSCS) from £85,000 to £110,000. The FSCS typically protects up to
£85,000 of a depositor’s money in the event of a bank, building society, or
credit union failure.
This limit has been in place since 2017. For UK-authorised CFD
brokers regulated by the Financial Conduct Authority (FCA) , the FSCS also
provides protection for investors, though the coverage may differ depending on
the nature of the claim. CFD brokers would fall under similar protection if
they were to face insolvency, offering additional confidence to retail traders.
FSCS Proposes Protection Limit Adjustment for Inflation
Martyn Beauchamp, Source: FSCS
“Depositor protection is what FSCS is best known for,
as it covers the money held in our day-to-day current accounts and savings,”
Martyn Beauchamp, CEO of the FSCS, said.
The proposed increase reflects inflation since the last
adjustment and is intended to reassure consumers that their money is safe if
their UK-authorised financial institution fails. If the proposal is approved,
the new limit will apply to firms that fail after 1 December 2025.
“Consumers tell us that the existence of FSCS
protection is a key driver of their trust in financial services, and this trust
is in turn a critical component of stability and growth. It’s important that
FSCS’s limit is reviewed to ensure it stays appropriate and relevant,” Beauchamp
added.
FSCS Compensated £10.1 Million in Three Years
Sam Woods, Deputy Governor for Prudential Regulation and CEO
of the PRA, stated that the increase is designed to support confidence in the
financial system. The FSCS, established in 2001, has compensated depositors
£10.1 million in the past three years, mainly for small credit union failures.
Since its inception, it has paid out over £20 billion, primarily due to the
2008 financial crisis.
“The current limit of £85,000 was set back in 2017 and
so it makes sense to review it. We look forward to working with the Prudential
Regulation Authority as part of their consultation into the wider FSCS deposit
protection system,” Eric Leenders, Managing Director for Personal Finance
at UK Finance, added.
The Prudential Regulation Authority (PRA) has proposed
raising the deposit protection limit of the Financial Services Compensation
Scheme (FSCS) from £85,000 to £110,000. The FSCS typically protects up to
£85,000 of a depositor’s money in the event of a bank, building society, or
credit union failure.
This limit has been in place since 2017. For UK-authorised CFD
brokers regulated by the Financial Conduct Authority (FCA) , the FSCS also
provides protection for investors, though the coverage may differ depending on
the nature of the claim. CFD brokers would fall under similar protection if
they were to face insolvency, offering additional confidence to retail traders.
FSCS Proposes Protection Limit Adjustment for Inflation
Martyn Beauchamp, Source: FSCS
“Depositor protection is what FSCS is best known for,
as it covers the money held in our day-to-day current accounts and savings,”
Martyn Beauchamp, CEO of the FSCS, said.
The proposed increase reflects inflation since the last
adjustment and is intended to reassure consumers that their money is safe if
their UK-authorised financial institution fails. If the proposal is approved,
the new limit will apply to firms that fail after 1 December 2025.
“Consumers tell us that the existence of FSCS
protection is a key driver of their trust in financial services, and this trust
is in turn a critical component of stability and growth. It’s important that
FSCS’s limit is reviewed to ensure it stays appropriate and relevant,” Beauchamp
added.
FSCS Compensated £10.1 Million in Three Years
Sam Woods, Deputy Governor for Prudential Regulation and CEO
of the PRA, stated that the increase is designed to support confidence in the
financial system. The FSCS, established in 2001, has compensated depositors
£10.1 million in the past three years, mainly for small credit union failures.
Since its inception, it has paid out over £20 billion, primarily due to the
2008 financial crisis.
“The current limit of £85,000 was set back in 2017 and
so it makes sense to review it. We look forward to working with the Prudential
Regulation Authority as part of their consultation into the wider FSCS deposit
protection system,” Eric Leenders, Managing Director for Personal Finance
at UK Finance, added.
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🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
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📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates across our social media platforms for news, insights, and event updates.Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official/
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In this executive interview at the iFX EXPO Dubai 2025, Ahmad Khatib, Chief Business Development Officer at CFI, shares insights into the evolving trading industry, the rise of influencers, and the impact of misinformation. He introduces CFI’s Trading Transparency Plus and its Trading Reality Check, a tool designed to guide both new and experienced traders. Ahmad discusses how this tool helps users navigate risks and avoid common pitfalls while emphasizing CFI’s commitment to education and transparency in trading. Watch now to discover how CFI is shaping the future of trading!📣 Stay updated with the latest in finance and trading!
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FMAS:25 is coming to Cape Town 🌍
FMAS:25 is coming to Cape Town 🌍
FMAS:25 is coming to Cape Town 🌍
FMAS:25 is coming to Cape Town 🌍
FMAS:25 is coming to Cape Town 🌍
FMAS:25 is coming to Cape Town 🌍
Africa’s Largest Trading Summit is Coming to Cape Town! 📈✨
Get ready for FMAS:25, Africa’s largest trading summit, taking place on May 29-30, 2025 in Cape Town! Connect with traders, investors, and leading global brands as they come together for two days of networking, insights, and exclusive opportunities. 🚀
Why Attend?
✅ Meet industry leaders and top trading experts
✅ Gain insights from expert speakers and panel discussions
✅ Explore the latest trends shaping the financial markets
✅ Network with like-minded professionals and brands🔗 Secure your spot today! Register now:
👉 https://events.financemagnates.com/event/633313d8-3cf8-4e77-9639-36312d50b07e/regProcessStep1📍 Location: Cape Town International Convention Centre (CTICC)
📅 Dates: May 29-30, 2025Don’t miss out on Africa’s largest B2B & B2C fintech event!
🔔 Subscribe for more updates and stay tuned for an unforgettable experience. 📢
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🐦 X: https://x.com/F_M_events#FMAS25 #financemagnates #capetown #fintech #investing #networking #trading #business #event #southafrica #freepass #exclusivebenefits
Africa’s Largest Trading Summit is Coming to Cape Town! 📈✨Get ready for FMAS:25, Africa’s largest trading summit, taking place on May 29-30, 2025 in Cape Town! Connect with traders, investors, and leading global brands as they come together for two days of networking, insights, and exclusive opportunities. 🚀
Why Attend?
✅ Meet industry leaders and top trading experts
✅ Gain insights from expert speakers and panel discussions
✅ Explore the latest trends shaping the financial markets
✅ Network with like-minded professionals and brands🔗 Secure your spot today! Register now:
👉 https://events.financemagnates.com/event/633313d8-3cf8-4e77-9639-36312d50b07e/regProcessStep1📍 Location: Cape Town International Convention Centre (CTICC)
📅 Dates: May 29-30, 2025Don’t miss out on Africa’s largest B2B & B2C fintech event!
🔔 Subscribe for more updates and stay tuned for an unforgettable experience. 📢
Follow Finance Magnates across our social media platforms:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents/
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🐦 X: https://x.com/F_M_events#FMAS25 #financemagnates #capetown #fintech #investing #networking #trading #business #event #southafrica #freepass #exclusivebenefits
Africa’s Largest Trading Summit is Coming to Cape Town! 📈✨
Get ready for FMAS:25, Africa’s largest trading summit, taking place on May 29-30, 2025 in Cape Town! Connect with traders, investors, and leading global brands as they come together for two days of networking, insights, and exclusive opportunities. 🚀
Why Attend?
✅ Meet industry leaders and top trading experts
✅ Gain insights from expert speakers and panel discussions
✅ Explore the latest trends shaping the financial markets
✅ Network with like-minded professionals and brands🔗 Secure your spot today! Register now:
👉 https://events.financemagnates.com/event/633313d8-3cf8-4e77-9639-36312d50b07e/regProcessStep1📍 Location: Cape Town International Convention Centre (CTICC)
📅 Dates: May 29-30, 2025Don’t miss out on Africa’s largest B2B & B2C fintech event!
🔔 Subscribe for more updates and stay tuned for an unforgettable experience. 📢
Follow Finance Magnates across our social media platforms:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents/
📸 Instagram: https://www.instagram.com/fmevents_official/
🐦 X: https://x.com/F_M_events#FMAS25 #financemagnates #capetown #fintech #investing #networking #trading #business #event #southafrica #freepass #exclusivebenefits
Africa’s Largest Trading Summit is Coming to Cape Town! 📈✨Get ready for FMAS:25, Africa’s largest trading summit, taking place on May 29-30, 2025 in Cape Town! Connect with traders, investors, and leading global brands as they come together for two days of networking, insights, and exclusive opportunities. 🚀
Why Attend?
✅ Meet industry leaders and top trading experts
✅ Gain insights from expert speakers and panel discussions
✅ Explore the latest trends shaping the financial markets
✅ Network with like-minded professionals and brands🔗 Secure your spot today! Register now:
👉 https://events.financemagnates.com/event/633313d8-3cf8-4e77-9639-36312d50b07e/regProcessStep1📍 Location: Cape Town International Convention Centre (CTICC)
📅 Dates: May 29-30, 2025Don’t miss out on Africa’s largest B2B & B2C fintech event!
🔔 Subscribe for more updates and stay tuned for an unforgettable experience. 📢
Follow Finance Magnates across our social media platforms:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents/
📸 Instagram: https://www.instagram.com/fmevents_official/
🐦 X: https://x.com/F_M_events#FMAS25 #financemagnates #capetown #fintech #investing #networking #trading #business #event #southafrica #freepass #exclusivebenefits
Africa’s Largest Trading Summit is Coming to Cape Town! 📈✨
Get ready for FMAS:25, Africa’s largest trading summit, taking place on May 29-30, 2025 in Cape Town! Connect with traders, investors, and leading global brands as they come together for two days of networking, insights, and exclusive opportunities. 🚀
Why Attend?
✅ Meet industry leaders and top trading experts
✅ Gain insights from expert speakers and panel discussions
✅ Explore the latest trends shaping the financial markets
✅ Network with like-minded professionals and brands🔗 Secure your spot today! Register now:
👉 https://events.financemagnates.com/event/633313d8-3cf8-4e77-9639-36312d50b07e/regProcessStep1📍 Location: Cape Town International Convention Centre (CTICC)
📅 Dates: May 29-30, 2025Don’t miss out on Africa’s largest B2B & B2C fintech event!
🔔 Subscribe for more updates and stay tuned for an unforgettable experience. 📢
Follow Finance Magnates across our social media platforms:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents/
📸 Instagram: https://www.instagram.com/fmevents_official/
🐦 X: https://x.com/F_M_events#FMAS25 #financemagnates #capetown #fintech #investing #networking #trading #business #event #southafrica #freepass #exclusivebenefits
Africa’s Largest Trading Summit is Coming to Cape Town! 📈✨Get ready for FMAS:25, Africa’s largest trading summit, taking place on May 29-30, 2025 in Cape Town! Connect with traders, investors, and leading global brands as they come together for two days of networking, insights, and exclusive opportunities. 🚀
Why Attend?
✅ Meet industry leaders and top trading experts
✅ Gain insights from expert speakers and panel discussions
✅ Explore the latest trends shaping the financial markets
✅ Network with like-minded professionals and brands🔗 Secure your spot today! Register now:
👉 https://events.financemagnates.com/event/633313d8-3cf8-4e77-9639-36312d50b07e/regProcessStep1📍 Location: Cape Town International Convention Centre (CTICC)
📅 Dates: May 29-30, 2025Don’t miss out on Africa’s largest B2B & B2C fintech event!
🔔 Subscribe for more updates and stay tuned for an unforgettable experience. 📢
Follow Finance Magnates across our social media platforms:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents/
📸 Instagram: https://www.instagram.com/fmevents_official/
🐦 X: https://x.com/F_M_events#FMAS25 #financemagnates #capetown #fintech #investing #networking #trading #business #event #southafrica #freepass #exclusivebenefits
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Scaling Your Business with B2CORE – Ultimate SaaS for Brokers & Traders
Scaling Your Business with B2CORE – Ultimate SaaS for Brokers & Traders
Scaling Your Business with B2CORE – Ultimate SaaS for Brokers & Traders
Scaling Your Business with B2CORE – Ultimate SaaS for Brokers & Traders
Scaling Your Business with B2CORE – Ultimate SaaS for Brokers & Traders
Scaling Your Business with B2CORE – Ultimate SaaS for Brokers & Traders
In this webinar recording, Ivan Navodniy, the Chief Product Officer at B2BROKER, provides an in-depth analysis of B2Core – a cutting-edge CRM solution built specifically for fintech businesses.
Discover how B2Core tackles the challenges of KYC, onboarding, and customer management, while seamlessly integrating with leading trading platforms and payment systems. Ivan also explores the cost-effectiveness of B2Core compared to building a custom CRM, highlighting its scalability and reliability for growing businesses.📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates across our social media platforms for news, insights, and event updates.Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
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🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: https://www.youtube.com/channel/UCaMiOoCIu0Lb_bEO_V2kI_g#B2Core #CRM #Fintech #B2Broker #ForexCRM #CryptoCRM #TradingPlatforms #KYC #Onboarding #CustomerManagement
Don’t miss out on our latest videos, interviews, and event coverage.
Subscribe to our YouTube channel for more!
In this webinar recording, Ivan Navodniy, the Chief Product Officer at B2BROKER, provides an in-depth analysis of B2Core – a cutting-edge CRM solution built specifically for fintech businesses.
Discover how B2Core tackles the challenges of KYC, onboarding, and customer management, while seamlessly integrating with leading trading platforms and payment systems. Ivan also explores the cost-effectiveness of B2Core compared to building a custom CRM, highlighting its scalability and reliability for growing businesses.📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates across our social media platforms for news, insights, and event updates.Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official/
🐦 X: https://x.com/financemagnates?
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: https://www.youtube.com/channel/UCaMiOoCIu0Lb_bEO_V2kI_g#B2Core #CRM #Fintech #B2Broker #ForexCRM #CryptoCRM #TradingPlatforms #KYC #Onboarding #CustomerManagement
Don’t miss out on our latest videos, interviews, and event coverage.
Subscribe to our YouTube channel for more!
In this webinar recording, Ivan Navodniy, the Chief Product Officer at B2BROKER, provides an in-depth analysis of B2Core – a cutting-edge CRM solution built specifically for fintech businesses.
Discover how B2Core tackles the challenges of KYC, onboarding, and customer management, while seamlessly integrating with leading trading platforms and payment systems. Ivan also explores the cost-effectiveness of B2Core compared to building a custom CRM, highlighting its scalability and reliability for growing businesses.📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates across our social media platforms for news, insights, and event updates.Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official/
🐦 X: https://x.com/financemagnates?
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: https://www.youtube.com/channel/UCaMiOoCIu0Lb_bEO_V2kI_g#B2Core #CRM #Fintech #B2Broker #ForexCRM #CryptoCRM #TradingPlatforms #KYC #Onboarding #CustomerManagement
Don’t miss out on our latest videos, interviews, and event coverage.
Subscribe to our YouTube channel for more!
In this webinar recording, Ivan Navodniy, the Chief Product Officer at B2BROKER, provides an in-depth analysis of B2Core – a cutting-edge CRM solution built specifically for fintech businesses.
Discover how B2Core tackles the challenges of KYC, onboarding, and customer management, while seamlessly integrating with leading trading platforms and payment systems. Ivan also explores the cost-effectiveness of B2Core compared to building a custom CRM, highlighting its scalability and reliability for growing businesses.📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates across our social media platforms for news, insights, and event updates.Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official/
🐦 X: https://x.com/financemagnates?
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: https://www.youtube.com/channel/UCaMiOoCIu0Lb_bEO_V2kI_g#B2Core #CRM #Fintech #B2Broker #ForexCRM #CryptoCRM #TradingPlatforms #KYC #Onboarding #CustomerManagement
Don’t miss out on our latest videos, interviews, and event coverage.
Subscribe to our YouTube channel for more!
In this webinar recording, Ivan Navodniy, the Chief Product Officer at B2BROKER, provides an in-depth analysis of B2Core – a cutting-edge CRM solution built specifically for fintech businesses.
Discover how B2Core tackles the challenges of KYC, onboarding, and customer management, while seamlessly integrating with leading trading platforms and payment systems. Ivan also explores the cost-effectiveness of B2Core compared to building a custom CRM, highlighting its scalability and reliability for growing businesses.📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates across our social media platforms for news, insights, and event updates.Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official/
🐦 X: https://x.com/financemagnates?
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: https://www.youtube.com/channel/UCaMiOoCIu0Lb_bEO_V2kI_g#B2Core #CRM #Fintech #B2Broker #ForexCRM #CryptoCRM #TradingPlatforms #KYC #Onboarding #CustomerManagement
Don’t miss out on our latest videos, interviews, and event coverage.
Subscribe to our YouTube channel for more!
In this webinar recording, Ivan Navodniy, the Chief Product Officer at B2BROKER, provides an in-depth analysis of B2Core – a cutting-edge CRM solution built specifically for fintech businesses.
Discover how B2Core tackles the challenges of KYC, onboarding, and customer management, while seamlessly integrating with leading trading platforms and payment systems. Ivan also explores the cost-effectiveness of B2Core compared to building a custom CRM, highlighting its scalability and reliability for growing businesses.📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates across our social media platforms for news, insights, and event updates.Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official/
🐦 X: https://x.com/financemagnates?
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: https://www.youtube.com/channel/UCaMiOoCIu0Lb_bEO_V2kI_g#B2Core #CRM #Fintech #B2Broker #ForexCRM #CryptoCRM #TradingPlatforms #KYC #Onboarding #CustomerManagement
Don’t miss out on our latest videos, interviews, and event coverage.
Subscribe to our YouTube channel for more!