http://www.icl-ifa.co.uk/2010/06/safety-security-money/?utm_source=rss&utm_medium=rss&utm_campaign=safety-security-money Mon, 30 Jan 2012 15:56:00 +0000 hourly 1 http://wordpress.org/?v=3.3 http://www.icl-ifa.co.uk/2010/06/safety-security-money/#comment-66 Londoner Fri, 04 Jun 2010 12:14:41 +0000 http://www.icl-ifa.co.uk/?p=2215#comment-66 The best strategy is to spread your savings - and don't rely on the Financial Services Compensation Scheme. Compensation payments can take years to come, and are far from certain. Thousands of UK savers who invested in FSA-regulated savings plans believed the brochures that promised FSCS cover, but are still waiting for a decision on their compensation 21 months after the collapse of their savings plans backed by Lehman. FSCS is under great funding pressure. Gordon Brown bailed FSCS out to the tune of a 9bn loan a couple of years ago, and the finance industry is squabbling about how to fund the scheme, Anyone still waiting for compensation from FSCS for their Lehman-backed plan can visit the self-help action group's web site www.mikssoldinvestments.co.uk The best strategy is to spread your savings – and don’t rely on the Financial Services Compensation Scheme. Compensation payments can take years to come, and are far from certain. Thousands of UK savers who invested in FSA-regulated savings plans believed the brochures that promised FSCS cover, but are still waiting for a decision on their compensation 21 months after the collapse of their savings plans backed by Lehman. FSCS is under great funding pressure. Gordon Brown bailed FSCS out to the tune of a 9bn loan a couple of years ago, and the finance industry is squabbling about how to fund the scheme, Anyone still waiting for compensation from FSCS for their Lehman-backed plan can visit the self-help action group’s web site http://www.mikssoldinvestments.co.uk

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