Moneybox, and the partner firms we work with in relation to your investments, segregate client assets from their own assets. This means that a high level of protection is available in the unlikely event of firm insolvency.However, if Moneybox failed, because we are covered by the FSCS in ...
After about 10 minutes holding, he came back and said “you only get 85k FSCS protection over all our accounts.” When I queried this and that it seemed he had now changed his tune on what he said earlier to me, he said he had and that with Iweb (and obviously also applies to Hal...
pensions, investments, mortgages, and insurance. It is free to use and funded by levies on firms authorised by the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA). In the2020/2021financial year, the scheme paid out total compensation of £584 million to customer...
M&S Bank is covered by the Financial Services Compensation Scheme. The FSCS can pay compensation to depositors if a bank is unable to meet its financial obligations.
Subjects of protection of a compensation Fund, the FSCS are: insurance policies; investments and deposits; insurance intermediation (insurance and travel packages); investment business; housing lending. To receive compensation from the FSCS can only clients those firms that have been deemed insolvent. ...