I'm probably being over-cautious here ... but are sharedealing nominee accounts held in trust as separate assets from the bank, or are they pooled in with the banks assets? The implication being that if a bank was to go down, they might or might not take the nominee holdings down with them.
They are segregated, so you are protected from bankruptcy. In the case of fraud you are covered up to some limit by the statutory compensation scheme, and providers may have indemnity insurance on top of that. If you're with a large organisation you probably don't need to worry, but if it's, say, a fairly small IFA you might like to ask them what protection they have in place.
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