The Financial Services Compensation Scheme plans to increase its workforce by about 25% by 2024/25 to cope with a surge in complex cases, the body has confirmed to Financial Planning Today.

The Financial Services Compensation Scheme, the government-backed investor safety net, is to expand its number of expert staff to cope with a rise in complex cases.

The Financial Services Compensation Scheme has warned that rising inflation and more complex cases are pushing up its costs.