FSCS to help failed Carleton credit union customers

Carmen Reichman
clock

The Financial Services Compensation Scheme (FSCS) is looking into whether it can help customers affected by the shut-down of Carleton Credit Union Limited in Portadown.

The FCSC said it was working with the company and the Prudential Regulation Authority to explore possibilities for compensating consumers, following the announcement that the credit union had given up its permissions. Carleton Credit Union Limited is based in Northern Ireland.

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

News editor's view: Simplified advice added to the advice/guidance menu

News editor's view: Simplified advice added to the advice/guidance menu

The news editor's Friday Night Takeaway from 27 March

Isabel Baxter
clock 27 March 2026 • 4 min read
FCA consults on increased fees amid AI plans

FCA consults on increased fees amid AI plans

Regulator proposes to raise minimum and flat fees by 1%

Sophia Panayi
clock 26 March 2026 • 3 min read
FCA looks to drop annual suitability review requirement for ongoing advice services

FCA looks to drop annual suitability review requirement for ongoing advice services

Regulator pushes for ‘periodic’ assessments instead

Isabel Baxter
clock 25 March 2026 • 2 min read