The FSCS covers a wide range of financial products including bank accounts, 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...
The smallest deposit you can make into your Chip Instant Access account is £1. There isn’t a maximum deposit but the account can hold up to £250,000. It’s also worth noting that only £85,000 of your savings are protected by the FSCS. ...
offshore license issued by FSC in Belize, providing access to global markets while maintaining essential compliance standards. While this license ensures a degree of oversight and legitimacy, it may not offer the same level of protection as licenses from more stringent regulators like the FCA or ...
The answer to, “What is an ISA,” is that an ISA (Individual Savings Account) is a type of savings account that allows you to grow your money in a tax-efficient manner. It’s a simple scheme set up by the government to help savers and investors make their money go further. In thi...
Monzo’s Pension schemeis coveredby the UK Financial Conduct Authority’sFinancial Services Compensation Scheme(FSCS). The scheme is designed to pay up to £85,000 per person if your FCA authorised investment platform cannot meet its financial obligations to you. ...
The FSCS pays compensation up to £50,000 to customers in the UK if Forex.com is unable to pay. Forex.com is a trading name of GAIN Capital UK Limited. GAIN Capital UK Ltd is authorized and regulated by the Financial Conduct Authority in the UK, with FCA Register Number 113942. Fore...
For example, the UK’sFinancial Services Compensation Scheme(FSCS) is a statutory compensation scheme for customers of FCA1and PRA2authorised firms. The FSCS is funded by levies raised from such firms. Under the FSCS your cash deposits are protected to the tune of £85,0003per person, per...