Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • Susy909
    • By Susy909 7th Sep 17, 7:43 PM
    • 31Posts
    • 0Thanks
    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
    • 0 Thanks
    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
    • 927 Posts
    • 979 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.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

223Posts Today

2,007Users online

Martin's Twitter
  • RT @clq: @MartinSLewis You hit that one right out of the park. It might be the Tweet of the Century. I don't think anyone can do any Batter?

  • You've run-out of puns. That's a bit of a googly, maybe I can help break your duck, though it is s sticky wicket, t? https://t.co/nJT51NpXfO

  • RT @richlaing: @MartinSLewis Obviously spot poll but interested in the fact that 9% would opt out of donation. Interested to hear reasons w?

  • Follow Martin