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4 votes
Accepted

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

Generally you are correct. Stocks bought via a broker are supposed to be ring fenced assets and as such the FSCS only helps you in one of the following situations: You happen to have a major amount ...
s1lv3r's user avatar
  • 504
2 votes
Accepted

Does the FSCS protection limit of £85K mean I have to spread my pension pot across different providers?

I haven't checked all of them, but I'm pretty sure all UK SIPP providers will hold (uninvested) client money in trust, or at least in segregated accounts. Here are some examples: Hargreaves Lansdown ...
AakashM's user avatar
  • 3,982
2 votes
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When buying funds in an ISA, who counts as "the institution" under the FSCS - the fund manager or the ISA provider?

I searched for “Cavendish Online FSCS” and found a page of Ts and Cs https://www.cavendishonline.co.uk/faqs/what-happens-if-cavendish-online-or-fundsnetwork-go-out-of-business This pointed me at a ...
Vicky's user avatar
  • 24.2k
2 votes

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

You should pay more attention to dishonest broker tactics rather than how secure is the fund with the brokers. After various global financial crisis and Baring banks incident, many countries have ...
mootmoot's user avatar
  • 4,193
1 vote

Does the FSCS protect accounts held in Euros in the UK?

I googled for FSCS "exchange rate" and found https://www.fscs.org.uk/globalassets/pdfs/2017-03-24-fscs-guide-to-scv---mar-2017-final-1.pdf The Depositor Protection Rules require that the ...
AakashM's user avatar
  • 3,982
1 vote

Does the FSCS protect accounts held in Euros in the UK?

Are Euro deposit accounts in UK banks protected a) if the customer in UK-based, b) if they’re a non-UK resident? Yes, foreign currency accounts with failed UK banks would be converted to GBP prior to ...
Alex Ward's user avatar

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