FSCS and SIPPs, too risky?

coyrls

Susy909 wrote: »

So are you saying if I had a Blackrock fund worth £100k in my SIPP and Blackrock went bust, I would hold the fund? It seems quite risky

No. In the unlikley event of Blackrock going bust, the holdings that make up the fund are ring fenced and can be taken over by another company. The likely consequence for you would be that there would be a few weeks or months when you would be unable to sell or buy Blackrock funds and then at some point your fund would be renamed with the name of a new company and you would then be able to buy or sell the fund.