Bevan Brittan is delighted to have been reappointed to the Financial Services Compensation Scheme’s (FSCS) legal panel for a second term.

The new panel consists of eight firms and is set to run for four years. Bevan Brittan is one of five firms to be reappointed to the core legal services lot from the original panel which began in 2015.

FSCS is the UK’s statutory compensation scheme for customers of authorised financial services firms. It protects deposits, investment business, home finance (mortgage) advice, general insurance, insurance broking and debt management.

Commenting on the appointment, Virginia Cooper, partner in Bevan Brittan’s Litigation and Financial Regulatory team, who leads the relationship with FSCS, said:

“We are extremely pleased to have been reappointed to the FSCS panel. We have a longstanding relationship with FSCS, which has developed further since our initial panel appointment and through our close work with the in-house legal team. Drawing on our extensive regulatory and financial services experience, we look forward to continuing to support FSCS in delivering its strategic priorities.”

James Darbyshire, FSCS’s General Counsel, said:

“We’re delighted to announce the successful procurement of our new legal panel. The number and quality of firms made for an exceptionally strong field and is testament both to the degree to which FSCS’s role is recognised and valued, and to the quality and impact of FSCS’s legal work. 

“Against a backdrop of increasing customer expectation and a changing economic and regulatory landscape, I’m confident we’ve got the right mix of legal partners to help us deliver our strategic priorities in the years ahead.”