Is my money safe in this ISA?

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Dark_horse666
Dark_horse666 Posts: 32 Forumite
First Post First Anniversary Combo Breaker
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.

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  • dunstonh
    dunstonh Posts: 116,374 Forumite
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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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