I wonder if someone can advise me whether the UK government's guarantee of the first £30,000 (?) savings with a bank also applies to cash held with a share trading company nominee account.
When I use a nominee share trading company, such as selftrade, I believe that my shares are protected against a collapse of the company. However, what about the cash that they are holding on my behalf? Is that protected better than at a bank, worse than at a bank or the same as at a bank?
thank you,
Robert