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FSCS raise limit to £50k

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Comments

  • Lokolo
    Lokolo Posts: 20,861 Forumite
    Part of the Furniture 10,000 Posts
    isofa wrote: »
    Fair point indeed, pity though! I wonder what they do when they withdraw their armfuls of cash?!

    Haha yeh, I will be waiting outside the banks with a mask and a banana in my hoody. :D
  • Oblivion
    Oblivion Posts: 20,248 Forumite
    Part of the Furniture 10,000 Posts Photogenic
    LucyTheDwarf wrote: »
    I'm thinking of moving mine from Kaupthing to a more *British* organisation... perhaps the local pub?

    First round's on you then Lucy. Make mine a double. ;)

    Dave.
    ... Dave
    Happily retired and enjoying my 14th year of leisure
    I am cleverly disguised as a responsible adult.
    Bring me sunshine in your smile
  • Oblivion
    Oblivion Posts: 20,248 Forumite
    Part of the Furniture 10,000 Posts Photogenic
    The BBC's reportage of the £50k limit news goes on to say that the FSA will be consulting on the possibility of raising the limit further, and also looking into the problems currently associated with some financial institutions falling under the same FSA licence.

    I would certainly welcome the unravelling of that particular Gordian Knot. I'm fed up with having to keep track of who owns who every time there's a merger / buy-out. It would be much fairer if every separately identifiable brand had to have their own licence and thus a separate £50k guarantee.

    Dave.
    ... Dave
    Happily retired and enjoying my 14th year of leisure
    I am cleverly disguised as a responsible adult.
    Bring me sunshine in your smile
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    Part of the Furniture Combo Breaker
    Anyone know why it is being delayed until Tuesday? Why not from today? :confused:
  • Oblivion
    Oblivion Posts: 20,248 Forumite
    Part of the Furniture 10,000 Posts Photogenic
    Deleted_User wrote: »
    Anyone know why it is being delayed until Tuesday? Why not from today? :confused:

    I presume the FSA needs the administrative time to advise all their licencees of the change so that they in turn can update their websites, correspondence etc.

    Dave.
    ... Dave
    Happily retired and enjoying my 14th year of leisure
    I am cleverly disguised as a responsible adult.
    Bring me sunshine in your smile
  • iltisman
    iltisman Posts: 2,589 Forumite
    Deleted_User wrote: »
    Anyone know why it is being delayed until Tuesday? Why not from today? :confused:

    Perhaps something bad is going to happen on Monday.
  • GustyGardenGalaxy
    GustyGardenGalaxy Posts: 761 Forumite
    Part of the Furniture 500 Posts Name Dropper
    Wow, you're a bundle of laughs.
  • isofa
    isofa Posts: 6,091 Forumite
    iltisman wrote: »
    Perhaps something bad is going to happen on Monday.

    End of the world? Well if you read some threads anyway ;)
  • ian-d
    ian-d Posts: 371 Forumite
    iltisman wrote: »
    Perhaps something bad is going to happen on Monday.

    :D haha, that post amused me.

    £50k cover is a start though, agreed it could be higher, but it's a step in the right direction. I for one can now move some money back into the same account, but have defiantly learnt over the past few months to at least split your money two ways!
  • dadsarmy
    dadsarmy Posts: 122 Forumite
    The 50 limit might save some additional work that is undertaken when savers change banks
This discussion has been closed.
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