Fscs Pays Out 150m in Last Financial Year

Daily MailJuly 18, 2007

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Summary


THE Financial Services Compensation Scheme paid out nearly 150m in compensation to consumers in the last financial year. Its annual report shows it completed more than 31,200 claims, up 21pc on the previous year.

The majority of claims related to mortgage endowment policies, of which 86pc were dealt with within six months.

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Fscs Pays Out 150m in Last Financial Year

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