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 front of the FCA office in London
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.
Tareq is a financial writer with 15 years of experience covering global markets. His work spans technical analysis, forex broker reviews, and market sentiment, with a focus on topics relevant to retail traders. He joined Finance Magnates in 2023.
At Finance Magnates, he serves as News Editor, covering retail forex and CFD brokers, cryptocurrency exchanges, fintech firms, and regulatory developments shaping the trading industry. He holds an Honours degree in Information Technology from Anfell College, London.
Education:
Honours degree Information Technology, Anfell College, London
IG Group Expects About £300 Million Revenue in Q1 2026
Finance Magnates Awards 2026 – Nominations Now Open
Finance Magnates Awards 2026 – Nominations Now Open
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Exness sees trust as the key theme for growth in MENA Trading Growth for 2026
Exness sees trust as the key theme for growth in MENA Trading Growth for 2026
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Paytiko CEO Razi Salih on Why Payment Orchestration is a MUST-HAVE for Brokers in 2026
Paytiko CEO Razi Salih on Why Payment Orchestration is a MUST-HAVE for Brokers in 2026
At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges.
Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges.
Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
Altima CTO Sunil Jadhav: Solving Data Fragmentation & Lag for Brokers & Prop Firms
Altima CTO Sunil Jadhav: Solving Data Fragmentation & Lag for Brokers & Prop Firms
Altima CTO Sunil Jadhav sits down with Finance Magnates to discuss the core technology challenges facing CFD brokers and proprietary trading firms today.
Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk.
Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks.
Key Topics:
- Broker and Prop Firm Data Challenges
- The problem of delayed data processing (batch processing vs. real-time events)
- Fragmented systems and conflicting data sources
- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
- Built-in risk management in Altima Prop
#Altima #financemagnates #iFXDubai #FinTech #BrokerTech #PropFirm #CFDBroker #TradingTechnology #RealTimeData #RiskManagement #CRM #FinancialMarkets #EventDrivenArchitecture
Altima CTO Sunil Jadhav sits down with Finance Magnates to discuss the core technology challenges facing CFD brokers and proprietary trading firms today.
Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk.
Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks.
Key Topics:
- Broker and Prop Firm Data Challenges
- The problem of delayed data processing (batch processing vs. real-time events)
- Fragmented systems and conflicting data sources
- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
- Built-in risk management in Altima Prop
#Altima #financemagnates #iFXDubai #FinTech #BrokerTech #PropFirm #CFDBroker #TradingTechnology #RealTimeData #RiskManagement #CRM #FinancialMarkets #EventDrivenArchitecture
