FSCS
Proper noun
Meaning
FSCS
(UK, finance) Initialism of Financial Services Compensation Scheme.
Anagrams
Examples
Spread your payments to be safe – 96% of UK savings accounts are protected by the FSCS (Financial Services Compensation Scheme) up to the amount of £85,000 per account (£170,000 per joint account).
The Financial Services Compensation Scheme (FSCS) protects your money up to £85,000 for all banks, building societies and credit unions that are authorised by the Prudential Regulation Authority and the Financial Conduct Authority (FCA).
The move by Vistara comes as carriers — both LCCs and FSCs — are trying to find new ways to generate some much-needed cash as operating costs are spiralling up and airlines are unable to hike fares accordingly due to stiff competition.
The exporters can then exempt between 15 and 30 percent of their export income from taxes by routing products through these entities, called Foreign Sales Corporations (FSCs).