The Meaningful Money Personal Finance Podcast cover image

Simplify Your Investments

The Meaningful Money Personal Finance Podcast

00:00

Financial Services Compensation Scheme Limits

The FSCS financial services compensation scheme is a last resort. It's there to pick things up if your chosen provider cannot order their, and honour their obligations to you. In the UK, I think we have the most stringent rules, which here they're called the client asset source book rules or CAS rules. They say how and why any provider must keep your money as the investor has separate from their money. So, barring massive fraud, it's very, very unlikely that even if a provider goes bust your money would go with them.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app