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FSCS Share Portfolio protection?
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Onawingandaprayer
Posts: 642 Forumite
Just out of general curiosity, where does one stand if say someone like H-L went bust (unlikely, I know:eek:) and one had a portfolio of shares with them beyond the £85,000 protection threshold?
Or does this £85,000 threshold even apply to shares held by H-L type organisations?
Or does this £85,000 threshold even apply to shares held by H-L type organisations?
0
Comments
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The £85k relates to cash deposits, not shares.
If HL went bust the shares remain. You wouldn't lose out.
You might want to research the £50k FSCS limit for investments.
http://www.fscs.org.uk/what-we-cover/eligibility-rules/compensation-limits/investment-limits/0
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