When it comes to investing money,
... you need to take care that the type of account or fund is appropriate for you.
At Willow Tree Financial Services we will look at your circumstances, and together we will complete an “attitude to risk” assessment, as well as assess your capacity for loss.
The FSCS is a Government-backed scheme that exists to protect customers of financial services firms that have failed. It’s authorised by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority. The scheme covers bank accounts, investments, pensions, insurance policies, insurance broking, and home finance
The amount of savings protected by the FSCS should a financial firm collapse increased in April 2019, from a previous limit of £50,000 to £85,000. Joint accounts will be protected up to a maximum of £170,000. For investment and pension providers, you are protected for up to £85,000 if the firm fails.
Some investment firms claim that an investment is FSCS protected; however the FSCS is unlikely to compensate you purely because an investment has not performed as expected.
The best way to protect yourself is to take advice from a Financial Adviser.
Contact us on 01323 436680 or email Rachael@willowtree-fs.co.uk to book your free, no obligation initial consultation.
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