Questions tagged [fscs]

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3
votes
1answer
98 views

When buying funds in an ISA, who counts as “the institution” under the FSCS - the fund manager or the ISA provider?

I understand that investments are covered under the Financial Services Compensation Scheme (FSCS) up to £85,000 per institution. If I have a stocks and shares ISA with a broker (eg: Cavendish Online) ...
5
votes
2answers
308 views

Are large brokers audited to ensure client funds are ring-fenced?

In the UK we have a Financial Services Compensation Scheme (FSCS) that covers investors for up to £85,000 if their broker goes bankrupt. We also have a law stating that brokers must ring fence their ...
2
votes
0answers
631 views

How good is FSCS protection vs. eToro?

I'm looking into investing in eToro, and I'm concerned about understaing any risk involved besides the trades themselves. An eToro representative told me that, since I live in the UK, I'm covered for ...
2
votes
0answers
65 views

What regulations are in place to protect consumer's investments in UK?

I know about FSCS (Financial Services Compensation Scheme), which will cover you in case your broker defaults, but it will only cover up to 50K GBP for investments; not particularly much. What ...