Is my money safe in this ISA?

edited 30 November -1 at 1:00AM in ISAs & Tax-free Savings
1 reply 1.1K views
Dark_horse666Dark_horse666 Forumite
32 Posts
Part of the Furniture 10 Posts Combo Breaker
edited 30 November -1 at 1:00AM in ISAs & Tax-free Savings
I've currently got an ISA with MLC.
http://www.mlconline.co.uk/masterkeyWeb/execute/generalhome

I've just found out that the MLC is part of the national australia bank group. Does this mean if the bank goes under I would lose all my money?

Thanks in advance.

Replies

  • dunstonhdunstonh Forumite
    106.8K Posts
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
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    It is protected under the investment element of the FSCS protection.

    It will say it under the key features document which is available on that link you posted.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
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