Department for Work and Pensions and Deposit Guarantee Scheme: Difference between pages

Revision as of 16:50, 9 August 2016

(DGS).

A scheme that guarantees certain bank depositors' funds (subject to specified limits) should the bank fail.

With effect from 2016, the guaranteed amount in the UK is limited to £75,000 (previously £85,000).

The limits were established as the approximate domestic currency equivalent of EUR 100,000.

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-(DWP).
+(DGS).
-''UK government''.
+A scheme that guarantees certain bank depositors' funds (subject to specified limits) should the bank fail.
-The UK Department for Work and Pensions is responsible for welfare, pensions and child maintenance policy.
-It administers the State Pension and a range of working age, disability and ill health benefits.
+With effect from 2016, the guaranteed amount in the UK is limited to £75,000 (previously £85,000).
+The limits were established as the approximate domestic currency equivalent of EUR 100,000.
-== See also ==
-* [[HM Treasury]]
-* [[Occupational pension scheme]]
-* [[Money and Pensions Service]]
-* [[The Pensions Advisory Service]]
-* [[Welfare]]
-[[Category:Accounting,_tax_and_regulation]]
+==See also==
+* [[FSCS]]
+* [[Too Big To Fail]]
+* [[Retail]]
+* [[Stability]]
+* [[Systemically Important Financial Institution]]