Probate Explained
Financial Advice Protection

Compensate

Published / Last Updated on 07/10/2025

This section will explain what compensation you are entitled too when dealing with financial losses.
How Am I Protected if Something Goes Wrong with My Financial Advice?
How Am I Protected if Something Goes Wrong with My Financial Advice?
Earlier this week, we were asked the two following questions by a prospective client, and we thought it a good time to summarise the protection (or not) that insurance, ...
11m17d
Compensate
Mastercard Compensation for 46 Million UK Shoppers
Mastercard Compensation for 46 Million UK Shoppers
Former Financial Ombudsman, Walter Merricks has been fighting a “Class Action” legal battle for 8 years with Mastercard over high/uncompetitive fees charged to businesses accepting Mastercard payments from UK ...
> 1y4m
Compensate
Compensation Limits for Pension Provider, Employer or Adviser Failure
Compensation Limits for Pension Provider, Employer or Adviser Failure
Four Pension Scheme Compensation Categories Firstly, you need to understand that there are four categories for pensions when schemes, employers or advisers have failed and are either protected by the ...
> 1y10m
Compensate
Payment Protection Insurance Collapse Compensation
Payment Protection Insurance Collapse Compensation
Payment Protection Insurance (PPI) firms and advisers that are authorised by the Financial Conduct Authority (FCA) are protected from firm collapse by the Financial Services Compensation Scheme (FSCS). What is ...
> 1y10m
Compensate
Mortgage Firm Collapse Compensation
Mortgage Firm Collapse Compensation
Mortgage firms that are authorised by the Financial Conduct Authority (FCA) with most but not all mortgage holders protected from firm collapse by the Financial Services Compensation Scheme (FSCS). For ...
> 1y10m
Compensate
Debt Management Firm Collapse Compensation
Debt Management Firm Collapse Compensation
Debt management scheme firms that are authorised by the Financial Conduct Authority (FCA) with debt scheme subscriber funds protected from firm collapse by the Financial Services Compensation Scheme (FSCS). Debt ...
> 1y10m
Compensate
Pre-Paid Funeral Plan Firm Collapse Compensation
Pre-Paid Funeral Plan Firm Collapse Compensation
Pre-Paid Funeral Plan firms that are authorised by the Financial Conduct Authority (FCA) with plan holders protected from firm collapse by the Financial Services Compensation Scheme (FSCS). Pre-paid funeral plans ...
> 1y10m
Compensate
Insurance Company Collapse Compensation
Insurance Company Collapse Compensation
Insurance companies that are authorised by the Financial Conduct Authority (FCA) with most but not all policyholders protected from firm collapse by the Financial Services Compensation Scheme (FSCS). The levels ...
> 1y10m
Compensate
Bank and Building Society Collapse Compensation
Bank and Building Society Collapse Compensation
Banks (owned by shareholders) and Building Societies (owned by borrower and saver members) are authorised by the Prudential Regulation Authority (PRA), part of the Bank of England, and granted ...
> 1y10m
Compensate
Investment Firm Collapse Compensation
Investment Firm Collapse Compensation
Investment firms that are authorised by the Financial Conduct Authority (FCA) with investors being protected from firm collapse by the Financial Services Compensation Scheme (FSCS). Protection Before January 2010 1st £30,000 ...
> 1y10m
Compensate
5 Simple Tips to Spot Email Fraud
5 Simple Tips to Spot Email Fraud
We all get spam texts and fraudulent emails almost everyday trying to get us to part with our money or trick us into giving our security information out. 5 Simple ...
> 5y4m
Compensate
Being Cloned Impersonation Fraud
Being Cloned Impersonation Fraud
This week we have seen warnings from the Financial Conduct Authority (FCA) of up to £78m being stolen from investors by fraudsters that ‘cloned’ regulated financial services firms during ...
> 5y8m
Compensate
Impersonating Both Client and Adviser For Fraud
Impersonating Both Client and Adviser For Fraud
In a recent case ruled on by the Financial Ombudsman Service (FOS), a fraudster committed a ‘double sting’ to impersonate both the client and the financial adviser for financial ...
> 5y8m
Compensate
Changing Financial Institution Funding Levies
Changing Financial Institution Funding Levies
The Financial Conduct Authority, the Financial Ombudsman Service, the Financial Services Compensation Scheme, the Money and Pension Service, the Money Advice Service and Pension Wise are all funded by ...
> 6y1m
Compensate
Are Claims Management Companies Worth It
Are Claims Management Companies Worth It
Most professions including legal services, accountancy services and financial services have full complaint handling procedures as set down by their regulators or professional bodies. Financial services is no different where ...
> 6y3m
Compensate

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