The Financial Services Compensation Scheme (FSCS) is the UK’s compensation scheme for financial services, helping people get back on track by protecting them when authorised financial services firms fail. FSCS is independent and covers all regulated financial services in the UK. The Scheme protects deposits in banks, building societies and credit unions; insurance; investments; investment and pension advice; home finance advice; debt management; and related products. Since our launch in 2001 we have paid out billions in compensation and helped millions of customers.