Archive for October, 2008

Financial Services Compensation Scheme

Date Added: Tuesday, October 14th, 2008

The Financial Services Compensation Scheme (FSCS) is the primary protection scheme for consumers in the UK holding investments, pensions or long term life assurance plans.
 
The scheme covers up to:
 
£48,000 per investment such as Unit Trusts, Open Ended Investment Companies (OEIC’s) and investment based ISA’s.
 
100% of the first £2,000 plus 90% of the balance on all pensions and […]

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Savings Protection Scheme - Update

Date Added: Thursday, October 9th, 2008

It is a worrying time for people with money on depost.
 
Many financial institutions have already folded with thousands losing their jobs and livelihoods, but how safe is your money?
 
The Governement has recently announced that it is extending the guarantee on money held on deposit with UK regulated financial institutions from £35,000 to £50,000.  For a couple […]

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