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Hargreaves Lansdown SIPP and FSCS Protection
tigerspill
Posts: 986 Forumite
Hi,
I cant find an absolutely clear answer as to whether Cash held in an HL SIPP is covered by the FSCS £85K protection.
Does anyone know the definitive answer to this?
Thanks
I cant find an absolutely clear answer as to whether Cash held in an HL SIPP is covered by the FSCS £85K protection.
Does anyone know the definitive answer to this?
Thanks
0
Comments
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Your cash is held in a number of bank accounts by HL. Each one has £85K protection for your cash but this would include any cash you had with that bank separately.
I believe if you have a large cash sum then HL do not put more than £85K with any one bank , but I only read this on another thread I can not find now.
1
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