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    • Susy909
    • By Susy909 7th Sep 17, 7:43 PM
    • 31Posts
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    Susy909
    FSCS and SIPPs, too risky?
    • #1
    • 7th Sep 17, 7:43 PM
    FSCS and SIPPs, too risky? 7th Sep 17 at 7:43 PM
    1.If my hargreaves SIPP invests in an insurance company fund for example Prudential 20-55 Dynamic, and Prudential went bust, would I be completely covered?

    2. If invested directly with prudential, what is the maximum FSCS cover per fund?


    I can't find these answers anywhere, the fscs website isn't detailed enough
Page 2
    • Susy909
    • By Susy909 10th Sep 17, 1:56 PM
    • 31 Posts
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    Susy909
    Not necessarily as the Aviva pension hasa 0.4% fee and some of their funds (the Aviva ones) have a 0% fee, but the choice is really bad.

    So are you saying if I had a Blackrock fund worth £100k in my SIPP and Blackrock went bust, I would hold the fund? It seems quite risky
    • coyrls
    • By coyrls 10th Sep 17, 2:40 PM
    • 918 Posts
    • 957 Thanks
    coyrls
    So are you saying if I had a Blackrock fund worth £100k in my SIPP and Blackrock went bust, I would hold the fund? It seems quite risky
    Originally posted by Susy909
    No. In the unlikley event of Blackrock going bust, the holdings that make up the fund are ring fenced and can be taken over by another company. The likely consequence for you would be that there would be a few weeks or months when you would be unable to sell or buy Blackrock funds and then at some point your fund would be renamed with the name of a new company and you would then be able to buy or sell the fund.
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