01204 803 500

If my investments fail, am I covered by the Financial Services Compensation Scheme?

The Financial Services Compensation Scheme (FSCS) is the UK’s compensation fund which provides a level of protection for customers of authorised financial services companies. If a firm stops trading or has been declared in default, it can pay compensation to affected customers. It will not pay out if your investment’s fall in value although you may be able to seek compensation if you received unsuitable financial advice.

Cash deposit accounts held in your SIPP (including the Metro Bank account) are protected upto £85,000 by the FSCS if the bank declares it is in default. Other regulated investments such as stockbroking accounts are protected upto £50,000 if the investment provider is declared in default.

Non-standard investments and those not regulated by the FCA may not be covered by the FSCS and this should be taken into account when considering such investments.

Please note the value of investments, and any income from them can go down as well as up and you may not get back your original investment. We do not offer advice about the suitability of our products or any investments held within them. Should you require financial advice you should consult a suitably qualified financial adviser

 

Making sense of YOUR pension

Can't find the answer to your question?
click here to use our form and we'll try our best to answer!

This website uses Cookies

We use cookies to ensure that we give you the best experience on our website. If you continue without changing your browser settings, we'll assume that you are happy to receive all cookies on this website. For more details you can read our updated cookie policy here