Trading 212 - Cash ISA - Financial Ombudsman Service complaint on hold

MyRealNameToo

eskbanker said:

murphydog999 said:

So, as an aside, how do you find out who has permission from the FCA to be an ISA manager? Are they all ISA “managers?’

https://www.gov.uk/government/publications/list-of-individual-savings-account-isa-managers-approved-by-hmrc/registered-individual-savings-account-isa-managers

Thats HMRC not FCA. 

The FCA you can search to see what activities a named firm is allowed to perform eg https://register.fca.org.uk/s/firm?id=001b000000NMi1QAAT but not aware that you can do a reverse search to see which firms are authorised for a particular activity

eskbanker

MyRealNameToo said:

eskbanker said:

murphydog999 said:

So, as an aside, how do you find out who has permission from the FCA to be an ISA manager? Are they all ISA “managers?’

https://www.gov.uk/government/publications/list-of-individual-savings-account-isa-managers-approved-by-hmrc/registered-individual-savings-account-isa-managers

Thats HMRC not FCA. 

The FCA you can search to see what activities a named firm is allowed to perform eg https://register.fca.org.uk/s/firm?id=001b000000NMi1QAAT but not aware that you can do a reverse search to see which firms are authorised for a particular activity

Yes, it's a two-tier model, where HMRC is responsible for authorising a company to be an ISA manager, but the FCA controls activities at a more granular level (which is the level OP will be more interested in).

fiddlesticks0

Given this situation with T212 I assume it would also apply to similar providers - a quick look at Moneybox for example shows 'We use a range of third party partner banks to power our Cash ISA and Open Access Cash ISA, all of which are FSCS protected'.

Given this would people here trust investing with these institutions, or stick to providers that don't use other banks to hold the investments, which seem to be generally offering lower IRs than the former currently and in recent times?