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Are my investments covered by FSA ?

50Twuncle
50Twuncle Posts: 10,763
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in Savings & investments
I have two lots of investments - Cofunds and Zurich/Sterling (M&G bonds and Invesco perp)
Are they protected by FSA - should the worst happen ?

Comments

  • dunstonh
    dunstonh Posts: 121,937
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    The FSA does not cover any investments (indeed it doesnt cover anything although FSA authorisation/regulation is required to get FSCS protection).

    I suspect you are mixing up the FSCS with the FSA. FSCS protection for investments and insurance exits as well as deposits. The limits are shown on their website. However, for investments it is very different to deposits as you are not placing your money in Cofunds or Sterling but investing into unit trust/OEIC funds or direct investments.
    should the worst happen ?

    Depends by what you mean by the worst. ;) Nuclear war happens and you wont care and even the best protections that exist on paper wont matter.
    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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