Compensation & Claim Process Knowledge Centre

How much compensation you can recover depends on the route (FSCS, FOS or court), the date of the advice, and the loss calculation methodology set by the FCA and FOS. This centre covers every commercial and procedural rule that decides the size of your award.

Quick Answer: The FSCS pays up to £85,000 per eligible mis-selling claim. The Financial Ombudsman awards up to £455,000 for advice given on or after 1 April 2019 (£205,000 before that date). For financial services claims, solicitors' fees are capped by the SRA Claims Management Fees Rules and claims management companies' by the FCA, on the same sliding scale — from 30% (max £420) on the smallest awards down to 15% (max £10,000) on £50,000 or more. Source: FSCS; Financial Ombudsman; SRA Claims Management Fees Rules; FCA PS21/18.