Does FSA Compensation apply to Investment Funds Cash ISAs?


D

Davy

Are cash ISAs, not with banks but with fund managers such
as Virgin and M&G, protected by the FSA compensation
scheme?

DAvy
 
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M

mick

Are cash ISAs, not with banks but with fund managers such
as Virgin and M&G, protected by the FSA compensation
scheme?

DAvy
I would think so, what are the rates paid by these funds? Are they
better than the banks.
 
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J

Jonathan Bryce

Davy said:
Are cash ISAs, not with banks but with fund managers such
as Virgin and M&G, protected by the FSA compensation
scheme?
M&G don't have a cash ISA as far as I can see. Virgin's cash ISA is
operated by the Royal Bank of Scotland, and protected by FSCS as part of
your total deposits with all divisions of RBS. Natwest and Ulsterbank are
registered separately from RBS so you get separate protection for them.
 

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