As of 2021/2022, the total amount of compensation paid out by the Financial Services Compensation Scheme (FSCS) in the United Kingdom (UK) for life distribution and investment intermediation claims was the highest among the instruments considered. Total compensation paid out for this instrument amounted to a value of approximately 263 million British pounds. Total compensation value of claims paid out for general insurance provision and investment provision followed, with approximately 186 million and 122 million British pounds respectively.
Total compensation value of claim payments by financial services compensation scheme in the United Kingdom (UK) in 2021/2022, by instrument (in million GBP)
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Other statistics that may interest you Financial complaints and compensation in the United Kingdom
Customer complaints against financial services
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Financial compensation of claimants
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- Premium Statistic New claims received by financial services compensation in the UK 2020-2022
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Complaints against banking services and products
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- Premium Statistic Banking products related complaints in the United Kingdom (UK) H1 2022, by cause
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Complaints targeting specific banks
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- Basic Statistic Customer complaints against banking services in the UK H1 2023, by bank
- Basic Statistic Customer complaints opened against AIB Group (UK) Plc in the UK H2 2022
- Premium Statistic Complaints against the Bank of Ireland (UK) Plc in the UK H1 2023
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- Premium Statistic Complaints against HSBC UK Bank filed in the UK H1 2023
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Complaints against home finance and investment products
8
- Basic Statistic Investment products related complaints in the United Kingdom (UK) 2010-2022
- Premium Statistic Investment products complaints in the United Kingdom in H1 2022, by cause
- Basic Statistic Investment providers customer complaints in the UK H2 2022, by company
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- Basic Statistic Complaints opened against Nationwide Building Society products in the UK in H1 2020
Complaints and claims against insurance products
7
- Premium Statistic Insurance and pure protection products customer complaints in the UK 2010-2019
- Premium Statistic Insurance and protection products related complaints in the UK H1 2022, by cause
- Basic Statistic Complaints against insurance providers in the UK H2 2022
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Further related statistics
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- Financial services compensation: claims uphold rate in the UK 2016-2019
- Banking failures of 2008/09: compensations paid to UK customers by 2015
- Local branches of credit institutions in the Benelux region 2013-2018
- Market concentration ratio of banks in Benelux 2013-2022, by country
- Employment in financial and professional services in the UK 2015-2016, by region
- Chile: main sources of information about financial services 2016
- Brokerage and financial services companies in Italy 2019, by number of employees
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- Honduras: deposits per capita 2016-2019
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- Perception of post financial crisis regulatory reform in the United Kingdom (UK) 2018
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Statistics
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- Banking failures of 2008/09: compensations paid to UK customers by 2015
- Local branches of credit institutions in the Benelux region 2013-2018
- Market concentration ratio of banks in Benelux 2013-2022, by country
- Employment in financial and professional services in the UK 2015-2016, by region
- Chile: main sources of information about financial services 2016
- Brokerage and financial services companies in Italy 2019, by number of employees
- Consumption expenditure of households on financial services Italy 2012-2022
- Honduras: deposits per capita 2016-2019
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- Perception of post financial crisis regulatory reform in the United Kingdom (UK) 2018
- Compensation for permanent injury of testicle at work in the U.S. 2015, by state
- Number of fall claims by males New Zealand FY 2012-2018
- U.S. employer costs for private industry worker compensation 2021, by census region
FSCS. (July 5, 2022). Total compensation value of claim payments by financial services compensation scheme in the United Kingdom (UK) in 2021/2022, by instrument (in million GBP) [Graph]. In Statista. Retrieved May 11, 2024, from https://www.statista.com/statistics/464253/financial-compensation-claims-payments-united-kingdom/
FSCS. "Total compensation value of claim payments by financial services compensation scheme in the United Kingdom (UK) in 2021/2022, by instrument (in million GBP)." Chart. July 5, 2022. Statista. Accessed May 11, 2024. https://www.statista.com/statistics/464253/financial-compensation-claims-payments-united-kingdom/
FSCS. (2022). Total compensation value of claim payments by financial services compensation scheme in the United Kingdom (UK) in 2021/2022, by instrument (in million GBP). Statista. Statista Inc.. Accessed: May 11, 2024. https://www.statista.com/statistics/464253/financial-compensation-claims-payments-united-kingdom/
FSCS. "Total Compensation Value of Claim Payments by Financial Services Compensation Scheme in The United Kingdom (Uk) in 2021/2022, by Instrument (in Million Gbp)." Statista, Statista Inc., 5 Jul 2022, https://www.statista.com/statistics/464253/financial-compensation-claims-payments-united-kingdom/
FSCS, Total compensation value of claim payments by financial services compensation scheme in the United Kingdom (UK) in 2021/2022, by instrument (in million GBP) Statista, https://www.statista.com/statistics/464253/financial-compensation-claims-payments-united-kingdom/ (last visited May 11, 2024)
Total compensation value of claim payments by financial services compensation scheme in the United Kingdom (UK) in 2021/2022, by instrument (in million GBP) [Graph], FSCS, July 5, 2022. [Online]. Available: https://www.statista.com/statistics/464253/financial-compensation-claims-payments-united-kingdom/