Savers unaware FSCS compensates for bad advice and mis-selling

The lifeboat fund has published its latest consumer research

Hope William-Smith
clock • 3 min read
Savers unaware FSCS compensates for bad advice and mis-selling

The Financial Services Compensation Scheme (FSCS) admits it must work more closely with its stakeholders to up the awareness around its services after finding only a slight majority of people understand it offers protection for bad advice or mis-sold financial products.

The lifeboat fund published this finding as part of its September consumer research, itself the result of a survey of just under 5,000 UK adults who had heard of the FSCS. While a high majority ...

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