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Seperate FSCS licence(s) for LTSB/HBOS?
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arjar
Posts: 86 Forumite
Forgive me if this is answered elsewhere - but, does anyone know of any substantive statement by LTSB, HBOS or HMG about whether the merged LTSB/HBOS will have single or multiple FCSC licences? I'm sure that many people with accounts with both will want to know whether their investments will be subject to a new, joint 50k limit for compensation. Thanks in advance.....
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but, does anyone know of any substantive statement by LTSB, HBOS or HMG about whether the merged LTSB/HBOS will have single or multiple FCSC licences?
None at the moment. However, LTSB did run Lloyds and TSB individually for a good few years after they got together. Lloyds also keep Scottish Widows on their own licence as well.
So, you are probably good for a couple of years.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.0 -
Apparently there is a plan being hatched to require different licenses but that should not be in place for a while..you're good for now
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