Useful Information
Financial Services Compensation Scheme
The Earl Shilton Building Society is a participant in the Financial Services Compensation Scheme established under the Financial Services and Markets Act 2000. Under the Scheme, payments are limited to a maximum of 100% of the first £50,000 of an investor's total shares and/or deposits in a Building Society. The payment is calculated by reference to all the Investor's protected shares with, and deposits in, the Society. Therefore, for example, if a claimant had two separate accounts with the Society, one containing £2,000 and the other £1,500, he or she would receive £3,500. However, your account(s) with us are not covered under the Scheme if you are:
- A large company
- A large partnership
- A large mutual association
- A local, provincial or municipal authority
- A credit institution
- An overseas financial services institution
- An operator or trustee of a collective investment scheme
- A pension and retirement fund or a trustee of such a fund
- A supranational institution
- A government, or central administrative authority
- A firm within the Earl Shilton Building Society group
- A person whose claim arises from transactions relating to conviction they have received for money laundering
Further details of exclusions from FSCS cover can be found on the Financial Services Authority website at
http://fsahandbook.info/FSA/html/handbook/COMP/4/2