Pension drawdown glossary
The Financial Services Compensation Scheme, which can pay compensation if an authorised financial firm fails. For eligible investment claims the limit is £85,000 per person per firm. It does not protect against investments falling in value.
Source: FSCS: investments · Last reviewed 24 September 2026
See every term in the A–Z glossary. Definitions are general information for the 2026/27 tax year, not personal advice.
Important: The value of investments can fall as well as rise. You may get back less than you invest. Tax rules can change and benefits depend on individual circumstances. This is not financial advice.