FSCS "standing ready" to deal with customer impact from Gefion

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Jimmy Barber, chief operating officer at the Financial Services Compensation Scheme (FSCS), has stated that the organisation is ready if it has to step in to help policyholders of Gefion.

The unrated Danish provider went into solvent liquidation earlier this week after the Danish Financial Services Authority withdrew its insurance license.

“We wouldn’t necessarily get involved in a solvent run-off, but we would protect the UK business if the situation were to change in terms of their ability

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