Investor Compensation Limit Increase
Published / Last Updated on 23/09/2010
Investor Compensation Limit Increase
by Ashley Clark, Director
The Financial Services Compensation Scheme (FSCS) protection limit for bank and building society deposits will be raised in accordance with EU laws from Januray 2011 to the equivalent of €100,000.
For couples this will mean a combined protection compensation of €200,000
The current limit per person per banking licence is £50,000 and will mean an increase based upon current exchnage rates to around £80,000.
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