RE: Broker Insolvency29 Nov 2021 13:26
While on this subject, when spreading money around to keep within the FCS limit, make sure the institutions are seperate, some institutions appear didifferent but are actually owne by one parent company. In that instance even if you had several accounts. for example if you had accounts at Halifax, Bank of Scotland, Scottish Widows, Schroders Personal Wealth, MBNA, Black Horse and Birmingham Midshires, they are all part of LLOYDS so your total cover accross all accounts would only be £85,000.