How secure are Share ISA's - for instance if fundmanager goes bust are there any FSA safeguards like the savings 50k guarantee
e.g. assume Fidelity went bust and you had a fidelity share ISA like China Special Situations - would the ISA be safe?
Has there been any cases of fund managers going bust and did the investors get their money.
Just curious in case the situation arose - can't find any information on the fund sites.
Thanks
Theoretically it should be completely safe as the investor's money & shares are held separately from the fund manager's money, and in the event of the fund manager going bust, client money/shares are safe from creditors.
It's not like bank deposits where the bank lends out the money you put in your account.
BeanSmart website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.