Half a billion paid out in compensation: FSCS
Half a billion paid out in compensation: FSCS
It says that approximately 132,000 claims decisions were made in total, with payouts concerning 1,614 different firms, 66 of which failed in 2021/22.
Total compensation costs within the time span ran to £584m.
In the home finance intermediation class, total compensation paid out fell from £1.7m in 2020/21 to less than £1m in 2021/22.
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