A&L and B&B: one protection or two?

EalingSaver

I have both A&L and B&B accounts. The "Are you Savings Safe" information on here do not seem to have been updated for a while in regard to how A&L and B&B are affected by the Santander acquisitions. There is a strong implication that they may fall under one set of protection only (the situation is described as 'complex'). And the websites are unclear. However their websites - and correspondance - still have separate FSA registration numbers.

Does anyone have a definitive answer as to what the current situation is? I had been working on the premise that they were still separate, but am now concerned as I have close to the £50k in each.

Lansdowne

Bradford & Bingley savings accounts now belong to Abbey National plc.
Alliance & Leicester is not part of Abbey although of course they both belong to Santander.

As you say, they have separate registrations at present. My understanding is that some time in a year or so, they will all be part of the same company and eventually have one registration. I would expect there will be plenty of notice if anyone's protection level was to reduce.

EalingSaver

I would tend to agree, and certainly hope so. But the information on this site on Are Your Savings Safe tends to contradict that - unless I've misinterprted it.

Time for an update by MSE??

YorkshireBoy

Here's what they say on the Abbey site...

http://www.abbey.com/csgs/Satellite?appID=abbey.\.Abbeycom&canal=CABBEYCOM&cid=1237843950945&empr=Abbeycom&leng=en_GB&pagename=Abbeycom/Page/WC_ACOM_TemplateG

When Halifax & BoS merged their registrations there was ample notice given (maybe it's a regulatory thing?), so I wouldn't worry too much.

EalingSaver

YorkshireBoy wrote: »

Here's what they say on the Abbey site...

http://www.abbey.com/csgs/Satellite?appID=abbey.\.Abbeycom&canal=CABBEYCOM&cid=1237843950945&empr=Abbeycom&leng=en_GB&pagename=Abbeycom/Page/WC_ACOM_TemplateG

When Halifax & BoS merged their registrations there was ample notice given (maybe it's a regulatory thing?), so I wouldn't worry too much.

Thanks. That's more definitive than anything I found on A&L website.