In message , Eric Jones wrote
Are you sure? That doesn't seem to have happened with other financial institutions in this country.
They may be taken over but it doesn't mean that the new owner would be responsible for the shortfalls or want the customers. The new owners of the Goldfish bank told Goldfish savings customers to f**k off - great customer relations and a bank worth recommending..
So can you prove to me that any Goldfish account holder who had say 100 in their account had to accept a lesser amount after the takeover? If you had 100 in , you still have 100 now ie no loss. Eric
In message , Alan writes
James Capel used to manage my SIPP's portfolio for a charge of about GBP400 pa. They had been doing so for eight years without problems. James Capel was absorbed by HSBC and last year HSBC told me to foxtrot oscar with my SIPP or face charges of GBP5000 pa! So I fox trotted off to Rathbones who were happy to take it on. Plus, as I later discovered, the accounts of about 3000 other HSBC SIPP owners.
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