FSCS is processing claims 'quickly and efficiently'

The lifeboat fund said it is processing claims as "quickly and efficiently as possible" as it has reported that 97,000 claims have been processed in 2022/2023. Meanwhile, the FSCS has paid compensation to customers who had experienced losses from 563 financial services firms, including 64 that it declared in default in 2022/23. It also said total compensation costs reached £403m during the period, with 432 firms having been reviewed. It compensated 67,908 people, families, and businesses. FSCS's customer satisfaction score increased from a 12-month average of 84% in 2021/22, to 86%...