Re: FSA Compensation Scheme Question

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)

Reply to
john boyle
Loading thread data ...

compensation

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

Reply to
Terry Harper

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.