Financial Services Compensation Scheme
GPTKB entity
Statements (77)
| Predicate | Object |
|---|---|
| gptkbp:instance_of |
gptkb:financial_services
|
| gptkbp:administered_by |
gptkb:financial_services
|
| gptkbp:aims_to |
protect consumers
|
| gptkbp:benefits |
insurance companies
investment firms credit unions failed financial institutions banking failures building societies insurance failures investment failures payment protection insurance |
| gptkbp:covers |
insurance policyholders
depositors investment business customers |
| gptkbp:established |
gptkb:2001
|
| gptkbp:evaluates |
claims eligibility
|
| gptkbp:facilitates |
customers of failed firms
|
| gptkbp:governed_by |
gptkb:Bank_of_England
gptkb:Financial_Services_and_Markets_Act_2000 |
| gptkbp:has_a_compensation_limit_for |
investment business customers
|
| gptkbp:has_a_role_in_maintaining |
public trust in financial services
|
| gptkbp:has_role |
consumer confidence
|
| gptkbp:headquarters |
gptkb:London
|
| https://www.w3.org/2000/01/rdf-schema#label |
Financial Services Compensation Scheme
|
| gptkbp:is_a_framework_for |
consumer protection
|
| gptkbp:is_a_government-backed_scheme |
in the UK
|
| gptkbp:is_a_key_component_of |
UK financial regulation
financial consumer advocacy |
| gptkbp:is_a_member_of |
gptkb:European_Forum_of_Deposit_Insurers
|
| gptkbp:is_a_necessary_component_of |
financial market confidence
|
| gptkbp:is_a_part_of_the_uk's |
financial regulatory framework
financial safety framework |
| gptkbp:is_a_resource_for |
financial advice
financial compensation rights |
| gptkbp:is_a_statutory_scheme |
in the UK
|
| gptkbp:is_available_in |
individuals and businesses
|
| gptkbp:is_critical_for |
financial stability policy
|
| gptkbp:is_designed_to |
ensure financial stability
|
| gptkbp:is_designed_to_respond_to |
financial institution failures
|
| gptkbp:is_essential_for |
consumer protection in finance
financial system resilience financial consumers in the UK |
| gptkbp:is_funded_by |
levies on financial services firms
the financial services industry annual levies |
| gptkbp:is_involved_in |
claims processing
|
| gptkbp:is_involved_in_the_recovery_of |
compensation payments
|
| gptkbp:is_part_of |
UK financial safety net
|
| gptkbp:is_protected_by |
financial consumers in distress
pension scheme members |
| gptkbp:is_recognized_by |
financial regulators
|
| gptkbp:is_regulated_by |
gptkb:Prudential_Regulation_Authority
|
| gptkbp:is_supported_by |
government legislation
|
| gptkbp:is_tasked_with |
financial consumer security
|
| gptkbp:key_player |
financial consumer protection
|
| gptkbp:maximum_compensation |
£85,000 for deposits
£85,000 £50,000 for insurance policies £85,000 for investments |
| gptkbp:maximum_compensation_for_insurance |
£100,000
|
| gptkbp:maximum_compensation_for_investments |
£85,000
|
| gptkbp:model |
other countries' compensation schemes
|
| gptkbp:operates_under |
gptkb:Financial_Services_and_Markets_Act_2000
|
| gptkbp:provides |
financial protection
|
| gptkbp:provides_a_safety_net_for |
savers
|
| gptkbp:public_awareness |
consumer education
|
| gptkbp:safety |
financial consumers
|
| gptkbp:serves |
UK consumers
|
| gptkbp:type_of_compensation |
cash payments
assets recovery |
| gptkbp:was_a_response_to |
financial crises
|
| gptkbp:was_involved_in |
high-profile bank failures
|
| gptkbp:website |
www.fscs.org.uk
|
| gptkbp:bfsParent |
gptkb:Financial_Conduct_Authority
gptkb:Citi_Financial_UK |
| gptkbp:bfsLayer |
5
|