Halifax PLC... not authorised by FSA

f_@_w_y

Dear All,

I may be wrong... and I dont want to create a panic.

I went to the FSA register (http://www.fsa.gov.uk/register/home.do) and when I wrote HALIFAX PLC to check whether it is on their register or not.... it says NO LONGER AUTHORISED.

However, HBOS and BANK OF SCOTLAND are authorised.... What do you think?

Does it mean that products to Halifax like Web savers, Fixed web savers etc. are not protected???

I just fixed my £30k in 3 months Fixed web saver account (6.82% gross).

Can anyone clarify this???

f_@_w_y

This wat the website says:

Current status: No longer Authorised Effective Date: 24/09/2007 Tied Agent:
Undertakes Insurance Mediation:
Registered under Money Laundering Regulations:
Address: Trinity Road
Halifax
West Yorkshire
HX1 2RG
Phone:
Fax:
Email:
Website:
44 0870 600 5000
44 01422 333 000
No email address supplied
https://www.halifax.co.uk

Baldur

Halifax operates under the Bank of Scotland FSA authorisation, as is clearly shown on the main site - http://www.moneysavingexpert.com/savings/safe-savings#whatcounts

f_@_w_y

Baldur wrote: »

Halifax operates under the Bank of Scotland FSA authorisation, as is clearly shown on the main site - http://www.moneysavingexpert.com/savings/safe-savings#whatcounts

Thanks Baldur. The site you mentioned are run by MSE Martin.

I mentioned the official FSA site, i.e. the government site. If you put Halifax Plc there you will be amazed...:eek:

Baldur

f_@_w_y wrote: »

If you put Halifax Plc there you will be amazed...:eek:

Hardly, since Halifax has not been authorised in its own right for around a year - it operates under the Bank of Scotland authorisation.

You obviously haven't read the following on the Halifax website:

Financial Services Compensation Scheme
Bank of Scotland is a member of the Financial Services Compensation Scheme under the Financial Services and Markets Act 2000. Where a customer has made deposits in a savings or bank account, payments under the scheme are limited to 100% of the first £50,000, subject to a maximum payment to any one depositor of £50,000. This limit applies provided the insolvency or other default of the bank or firm concerned takes place after 7 October 2008. Please note that accounts with Bank of Scotland include accounts in its divisions and trading names, for example, Halifax, Intelligent Finance and Birmingham Midshires. Most deposits denominated in sterling and other European Economic Area currencies and euro made with offices of the bank within the European Economic Area are covered. There are different levels of protection for other investments covered by the Financial Services Compensation Scheme. Further details of the scheme are available on request.

agsnu

f_@_w_y wrote: »

Thanks Baldur. The site you mentioned are run by MSE Martin.

I mentioned the official FSA site, i.e. the government site. If you put Halifax Plc there you will be amazed...:eek:

Yeah, that's right, Halifax have been operating without FSA authorisation for over a year and nobody noticed. You are clearly a genius, someone should give ou a job. :rolleyes:

Look at http://www.halifax.co.uk/contactus/contactushome.asp

This site is intended for UK residents unless otherwise stated. Halifax is a division of Bank of Scotland plc. Bank of Scotland plc, HBOS Investment Fund Managers Limited, Halifax Life Limited and Halifax Share Dealing Limited and St Andrew's Life Assurance plc are authorised and regulated by the Financial Services Authority, 25 The North Colonnade, Canary Wharf, London E14 5HS. They are entered in the Financial Services Authority's Register and their Register Numbers are 169628, 119223, 171881 and 183332 and 189101. This is an English language site, all contracts will be in the English language only. Bank of Scotland plc, Registered in Scotland No. SC327000. Registered Office: The Mound, Edinburgh EH1 1YZ. Copyright © 2008. All rights reserved.

opinions4u

f_@_w_y wrote: »

Dear All,

I may be wrong... and I dont want to create a panic.

I went to the FSA register (http://www.fsa.gov.uk/register/home.do) and when I wrote HALIFAX PLC to check whether it is on their register or not.... it says NO LONGER AUTHORISED.

However, HBOS and BANK OF SCOTLAND are authorised.... What do you think?

Does it mean that products to Halifax like Web savers, Fixed web savers etc. are not protected???

I just fixed my £30k in 3 months Fixed web saver account (6.82% gross).

Can anyone clarify this???

This is possibly one of the most stupid posts ever.

Their own web site clearly states "Bank of Scotland" which in turn clearly shows up on the FSA site.

Trying to cause unnecessary panic is not a good idea.

LongTermLurker

Why am I adding? Never mind: Halifax aren't called "Halifax PLC" - they are called "HBOS".

You/we don't bank with Halifax PLC, we bank with HBOS.

HBOS are FSA authorised and regulated - our/your savings are covered.

Don't panic.

purch

I wrote HALIFAX PLC to check whether it is on their register or not.... it says NO LONGER AUTHORISED.

What happens when you type in;

Trustee Savings Bank ??
Midland Bank ??
Martins Bank ?? :eek:
Portman Building Society ??


Does the fact that they are NO LONGER AUTHORISED mean you stop Banking with LloydsTSB, HSBC, Barclays, Nationwide ??

oldagetraveller

purch wrote: »

Martins Bank ?? :eek:

Now there's a blast from the past! Didn't they have a grasshopper logo?

Jonbvn

Sorry but the OP is massively alarmist. As explained above, HALIFAX PLC no longer exists as a sole entity, since it was merged with BOS, and is now called HBOS.