FSCS pays out £26.8m over Arch Cru and Keydata

The scheme upheld 94% of Keydata and Arch Cru claims for the period. It has also paid out £29.6m related to the collapse of MF Global, where it upheld 92% of claims. Claims related to Worldspreads totalled £16m for the year with an upheld rate of 99%. The collapse of stockbrokers Pritchards cost the industry £6.5m in compensation costs, with 97% of claims upheld. The FSCS paid out a total of £326m in compensation during the year, it added, excluding the major banking failures of 2008/09, down from £347m in 2011/12. In 2012/13, the FSCS recovered £777m from the estates of fail...