Lloyds HBOS mess - Help pleaaaaaase

shery

hello everyone

i have my money in Hbos in the form of ISA SAVER , ISA INVESTOR , Investment bond and personal investment plan EACH is on or above the 35k mark.
my question is are the ISAs safe also with all whats going on will the investments value will be effected

Advice and help much appreciated .
thank you

getmore4less

Are you saying you have 4 £35k pots with one bank?

Only one of those £35k was ever protected.

dunstonh

Please disregard the above comment as it is not correct.

i have my money in Hbos in the form of ISA SAVER , ISA INVESTOR , Investment bond and personal investment plan EACH is on or above the 35k mark.

Deposits are protected under the deposits protection. the ISA investor and unit trusts are protected under the investments protection and investment bonds (and pensions) are protected under the life and pensions protection.

If you had the lot at one institution then the protection is far higher than £35k.

shery

thank you for yr reply much appreciated, will the investment value remain the same or will it drop the latest s/t shows my personal investment plan value at 48K. invested sum 30K .

Wig

dunstonh wrote: »

Please disregard the above comment as it is not correct.
Deposits are protected under the deposits protection. the ISA investor and unit trusts are protected under the investments protection and investment bonds (and pensions) are protected under the life and pensions protection.

If you had the lot at one institution then the protection is far higher than £35k.

So what you are saying is that a cash ISA is protected under the same 35K umbrella as all your other normal deposit acounts. But an ISA investor is protected under a seperate 35K umbrella.

Is that right? So the OP has 2 accounts each in the order of 35K ea. s/he will theoretically be fine up to 70K?

Wig

shery wrote: »

thank you for yr reply much appreciated, will the investment value remain the same or will it drop the latest s/t shows my personal investment plan value at 48K. invested sum 30K .

I would say, the investment plan will be only affected by the HBOS crash only in so far as the crash is affecting the whole of market anyway, so your plan is very likely to drop in value in these unsettled times. But the drop has nothing to do with the HBOS crash, because your plan is based on investments in other companies not HBOS.

Someone confirm?

dunstonh

will the investment value remain the same or will it drop the latest s/t shows my personal investment plan value at 48K. invested sum 30K .

It will perform in line with the investments held within that tax wrapper. If it was say 100% equity then it will follow the investment returns of those equities.

So what you are saying is that a cash ISA is protected under the same 35K umbrella as all your other normal deposit acounts.

yes.

But an ISA investor is protected under a separate 35K umbrella.

No. It is not protected under the deposits protection scheme but the investments protection scheme which is 100% of the first £30k and 90% of the next £20k.

Investment bonds fall under life assurance (and pensions are pensions) so they fall under the "insurance" protection scheme which covers 100% of the first £2000 and 90% of the amount above with no upper limit.

shery

thank you dunstonh soo much