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Investment guarantees
trekstein
Posts: 3 Newbie
Does the Government guarantee £85,000 invested with a Credit Union the same way it does with money invested in ordinary banks?
0
Comments
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yes it does"Things are never so bad they can't be made worse" - Humphrey Bogart0
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It is not actually a Govt guarantee. It is an industry guarantee. The Govt will just lend funds on commercial terms should the compensation fund need it. The surviving financial firms pay the money to fund it.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
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Thanks to both of you.0
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