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FSCS for pensions ?
Comments
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Ah, the Basset & Gold Gambit.
I just had a look at several KFDs from early/mid 2000s and they say covered by FSCS or as one put it "it is possible that you have a claim against the FSCS".
Anything in writing from that period where the FSCS or the FSA ever said that corporate loan notes were covered by the FSCS? That is the part I find really unbelievable.
I wasn't too surprised to know that providers and salesmen were getting it wrong. I've seen even top-class IFAs get it wrong with the distinction between SCARP structured loan notes/100% "capital protected" structured loan notes/structured deposits. But for the FSCS and FSA to get it wrong would be something else. They don't usually comment on individual products for a good reason.
Obviously advice to invest in SCARPs was also always covered by the FSCS for the same reason that advice to invest in unregulated crap is.0
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