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FSCS and investment platforms

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Comments

  • Alexland
    Alexland Posts: 10,227 Forumite
    Eighth Anniversary 10,000 Posts Photogenic Name Dropper
    edited 24 October 2020 at 2:57PM
    I didn't suggest the matters that caused the failure of SVS would be repeated with Vanguard, Fidelity, HL etc however investment is a very long timescale and even respectable businesses can get into trouble for unsavory things that become more widely known after. The point remains it can be worrying to wait months to find out if your assets are safe or lost due to fraud, etc so it's worth considering your exposure and determining a reasonable spread of platforms and fund managers.
    It's annoying that L&G have sold their retail business as we didn't want any more exposure with Fidelity.
  • Anyonedealt with Mango money market platform?
  • ColdIron
    ColdIron Posts: 10,021 Forumite
    Part of the Furniture 1,000 Posts Hung up my suit! Name Dropper
    edited 9 November 2020 at 12:54PM
    pvturner said:
    Anyonedealt with Mango money market platform?
    I'll give you the same answer I gave to your question on another thread
    Website is 43 days old. All Whois registrant information - REDACTED FOR PRIVACY
    Sounds legit
    Or are you just spamming?
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    500 Posts Second Anniversary Name Dropper
    edited 9 November 2020 at 1:09PM
    From memory ETFs, Shares and Investment Trusts are not covered by the FSCS guarantee.
    And Irish domiciled funds are covered by the Irish regulator to (I think) 90% of your fund up to a maximum of EUR20k. (eg Lindsell Train Global Equity)

    EDIT - sorry didn't realise it was a old thread
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