Financial Services Compensation Scheme

As the UK’s statutory fund of last resort for clients of authorised financial services firms, the Financial Services Compensation Scheme (FSCS) can pay compensation-limited, at present, to a maximum of £50,000-to investors if a firm is unable, or likely to be unable, to pay claims against it. In general this would occur when a firm has stopped trading and has insufficient assets to meet claims or is insolvent. In the unlikely event that our clearer Pershing had failed to properly apply the FCA’s Client Asset Rules and had also defaulted on its obligations, eligible investors would be able to make a claim to the FSCS for any assets lost by Pershing.

For further information about the FSCS (including the amounts covered and eligibility to claim) please refer to the FSCS website or call 020 7741 4100 or 0800 678 1100. You can also write to the FSCS at 10th Floor, Beaufort House, 15 St Botolph Street, London EC3A 7QU.

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