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Post by moonraker on Jan 29, 2017 12:03:29 GMT
Last year it was announced that the amount that the FSCS would pay out in the event of a bank or building society going under might increase from £75,000 to £85,000 at the end of January 2017 after a consultation process. (Quite a lot of media coverage of the announcement suggested the amount "would" go up.) But I can find no confirmation of this, not even on the FSCS websiteMoonraker |
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oldgrumpy
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Post by oldgrumpy on Jan 29, 2017 12:22:33 GMT
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adrianc
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Post by adrianc on Jan 29, 2017 12:29:22 GMT
It's basically €100,000 - and varies periodically according to prevailing exchange rates.
'course, what's going to happen after breakfast is another question...
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gt94sss2
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Post by gt94sss2 on Jan 29, 2017 16:00:22 GMT
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Post by moonraker on Jan 29, 2017 16:08:30 GMT
Thanks for that. I had Googled to see if there was a recent update, but can't have used the correct words! I've just used "Bank of England’s Prudential Regulation Authority" and came to the announcement to which you've just linked. You just beat me to it when it came to giving it here.
Moonraker
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