Re: FSA Compensation Scheme Question

Apr 18, 2004 1 Replies

In message , Peter Newton writes



If a Fund Supermarket goes bust and I have say £100,000 invested with them
>in a variety of differently managed unit trusts, how would the compensation
>scheme work? Would I only be covered for £48,000, or is my money safe
>because the fund management groups (Fidelity, Invesco etc.) are still in >business.

The latter. (Unless the Fund Supermarket was a complete scam from the outset and the funds never got to their intended fund manager)

compensation

The invested funds are held by the trustee of each fund, not the Funds Supermarket, so you should be OK.

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