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Beauchamp appointed head of the UK Financial Services Compensation Scheme

( March 6, 2025, 15:00 GMT | Official Statement) -- MLex Summary: Martyn Beauchamp has been appointed chief executive officer of the UK Financial Services Compensation Scheme. Beauchamp has been interim CEO since October 2023. The appointment is made by the Financial Conduct Authority and the Prudential Regulation Authority with the approval of the finance ministry. The FSCS is a statutory compensation scheme that protects consumers when financial services firms fail. It can award payouts up to 85,000 pounds. Statement below. ...

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