S&S ISA+SIPP provider: FSCS protection
in ISAs & tax-free savings
2 replies 72 views
I have a SIPP [70k] and S&S ISA [150k] with the same provider.
I'm trying to understand what FSCS 'protection' I'd have if the provider [ii] went belly up.
ii is FSCS-authorised, so as I understand it, I'd have 85K protection in total.
Some Qs I've got:
- Have I understood FSCS protection correctly?
- Should I split the the S&S ISA, and transfer out to two new providers to keep each sum within the 85k per institution?
- What do other private investors in S&S ISAs and SIPPs do - obviously many SIPP values are way over 85k.
I'd really welcome clarification and views on this.
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