FSCS confirms 100% protection for annuities

Carmen Reichman
clock •

The Financial Services Compensation Scheme (FSCS) will soon protect the total value of people's annuities, it has confirmed.

The scheme will cover 100% of the value of annuities in the event an insurer fails from 3 July. Currently only mandatory insurance products, such as car insurance, are fully protected, with all ...

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Carmen Reichman
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