Who owns what?

valuepack

With regards to the £85k FCS compensation thing, is there a central list showing who owns what?

My aviva pension is nearing this figure and as far as I can see the money is with Aviva themselves.

T212 is showing as owned by JP Morgan 

I think invest engine is backed by NatWest, but I don't know if that's the same as them owning it.

I never thought I'd be in a position to have to look out for the £85k thing, but how can I be sure that I'm not putting more than one egg in a single basket?

Thanks

Grumpy_chap

valuepack said:

With regards to the £85k FCS compensation thing, is there a central list showing who owns what?

My aviva pension is nearing this figure and as far as I can see the money is with Aviva themselves.

T212 is showing as owned by JP Morgan 

I think invest engine is backed by NatWest, but I don't know if that's the same as them owning it.

I never thought I'd be in a position to have to look out for the £85k thing, but how can I be sure that I'm not putting more than one egg in a single basket?

Thanks

AIUI, the £85k protection is related to bank deposits.
Pension funds are secured under alternative measures.

kimwp

Are you talking about cash or stocks and shares?

MSE_James

We have a tool right here on MSE that does this:
https://www.moneysavingexpert.com/savings/safe-savings/#tool 

El_Torro

Money in a pension (or other stocks & shares investments) isn't really covered by the £85k FSCS compensation. While Aviva is managing your money they don't have it as such, the value is in the funds they hold. The value of those funds can go up and down of course, with no compensation if they go down. 

This is more relevant for money you hold in cash. Say a savings account or Cash ISA.

dunstonh

My aviva pension is nearing this figure and as far as I can see the money is with Aviva themselves.

Is your pension subject to the £85k deposit scheme?   Or is it subject to the insurance deposit scheme with 100% protection with no upper limit?  Or is it subject to the investment protection scheme?
Indeed, it could be subject to all three for different parts.

Aviva have pension plans that can be subject to all three protection schemes.  Most of their historic pensions have 100% FSCS protection with no upper limit.

I never thought I'd be in a position to have to look out for the £85k thing, but how can I be sure that I'm not putting more than one egg in a single basket?

With investments you don't need to worried in the same way you would be with deposits.

born_again

https://www.fscs.org.uk/check/pension-protection-checker/

Eyeful

1. The FSCS Savings protection up to £85k only applies, Banks, Building Societies or Credit Unions that are on their list.

2. To see if your money is protected use the FSCS Savings Protection checker below.
(a) https://www.fscs.org.uk/check/check-your-money-is-protected/
or
(b) use the MSE Savings Checker below (it's about half-way down the page)
https://www.moneysavingexpert.com/savings/safe-savings/

3. The FSCS checkers for (a) Pensions (b) Savings (b) Investments, can be found below
https://www.fscs.org.uk/check/