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7min chapter
How To Invest a Lump Sum in 2024
Many Happy Returns
Understanding the Financial Services Compensation Scheme and Investment Risks
The chapter delves into the purpose and workings of the Financial Services Compensation Scheme (FSCS), detailing its compensation cap per person and firm while highlighting the limitations. It emphasizes the importance of considering investment safety and broker reliability to mitigate financial risks. The conversation also explores the complexities of client money separation, authorized broker activities, and challenges faced by consumers when navigating investment options like Vanguard.
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AI-powered
podcast player
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode