Too much in Virgin ISAs

My wife and I have inadvertently amassed more then £85k in various Virgin ISAs.Should I be overly concerned that if the company folds I would not be covered by the Govt.insurance scheme and move  some money out at the first chance I get ?
I would Virgin are a stable company but who knows?

Comments

  • More that 85K each or between you? The FSCS covers you for 85k per person ....
  • eskbanker
    eskbanker Posts: 29,836
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    cslogg said:
    My wife and I have inadvertently amassed more then £85k in various Virgin ISAs.Should I be overly concerned that if the company folds I would not be covered by the Govt.insurance scheme and move  some money out at the first chance I get ?
    I would Virgin are a stable company but who knows?
    Pedantic point of order - FSCS isn't a 'government insurance scheme' but an industry-funded deposit protection scheme....
  • I would transfer the excess out to another provider, remembering to allow for the accumulation of interest in the Virgin ISA.
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