By Phoebe Seers and Sofia Gerace ( March 31, 2025, 10:18 GMT | Insight) -- The Bank of England’s regulatory arm has proposed raising the deposit protection limit of the Financial Services Compensation Scheme, or FSCS, which pays out when a bank or building society fails, to 110,000 pounds. The Prudential Regulation Authority said its proposed increase accounts for inflation since the existing limit of 85,000 pounds was set in 2017.The Bank of England’s regulatory arm has today proposed raising the deposit protection limit of the Financial Services Compensation Scheme, which pays out when a bank or building society fails, to 110,000 pounds ($142,000). The Prudential Regulation Authority said its proposed increase accounts for inflation since the existing limit of 85,000 pounds was set in 2017....
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