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Pardoe

Sipp Security

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Hi,

Can anyone help me with the following question.

If I invest say four hundred thousand pounds in a sipp, and if I split this amount by investing forty thousand pounds in each of ten funds provided within the sipp by ten different companies, will each of those ten investments be covered by the FSA compensation scheme in the event of the sipp provider going bust, thereby protecting my total funds.

Pardoe.

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Hi,

Can anyone help me with the following question.

If I invest say four hundred thousand pounds in a sipp, and if I split this amount by investing forty thousand pounds in each of ten funds provided within the sipp by ten different companies, will each of those ten investments be covered by the FSA compensation scheme in the event of the sipp provider going bust, thereby protecting my total funds.

Pardoe.

I don't "think" its necessary to worry about this, as the government covers 90% of all personal pension funds. see here for more detail

http://www.pensionsadvisoryservice.org.uk/helpful-organisations/financial-services-compensation-scheme

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  • 144 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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