10 February 2015

Burges Salmon has been appointed by the Financial Services Compensation Scheme (FSCS) to its newly created legal panel.

Burges Salmon will be providing FSCS with a range of legal services and is one of eight firms appointed to the panel, which FSCS will utilise to manage the majority of its legal advice and representation.

FSCS is the UK's compensation fund of last resort for customers of authorised financial services firms. Its full legal panel comprises four work categories that will cover core FSCS legal services, Scottish legal services, employment law & ancillary legal services, and lower value dispute resolution services. The panel commenced in January 2015 and will run for three years, with the potential to be extended by a further year.

FSCS protects deposits, insurance, investments and home finance. Since 2001, it has protected more than 4.5m people and paid out £26bn in compensation in response to firm failures. FSCS is funded by financial services firms.

Key contact

Cheryl Parkhouse

Cheryl Parkhouse Senior Associate

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