Deloitte Secures £19M FSCS Contract For Pension Claims

Law360, London (March 23, 2020, 4:45 PM GMT) -- The Financial Services Compensation Schemes aid Monday it has decided to hand over some of its more complex pensions claims to accounting firm Deloitte in a £19 million ($22 million) contract.

The FSCS, which is responsible for compensating U.K. policyholders or businesses with annual turnover of up to £1 million when a regulated insurer fails, said it needs extra help with its most complex claims and has secured a three-year outsourcing contract with Deloitte.

The FSCS said it "needs the ability to deal with a volatile financial services market with unforeseeable events impacting the claims types, volumes, and complexity.”

Deloitte will be...

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