by Insignis in Newsletter Archive
So, what is the FSCS scheme and why was it put in place?Deposit guarantee schemes exist to protect depositors against authorised firms that are unable to pay or become insolvent. The European Commission requires all countries to provide a last resort protection to consumers in the event of a bank failure. Rules exist in the form of an EU directive for offering a limited level of protection, faster pay-out and improved internal financing of the schemes by each bank. This provides protection on both an individual front and a wider economic level.
Do you have more questions about the FSCS deposit guarantee and how it affects savers?Insignis Cash Solutions specialises in active management of client deposits including helping clients gain incremental FSCS protection by opening multiple accounts across various financial institutions with a simple one-signature solution.
Savings rates are creeping up from their all-time lows. With individual rates increasing between 30% and 69% acros… t.co/5j468i6e5n
We’re pleased to announce our Head of Institutional Clients, Sam Mackenzie-Carmichael has been shortlisted for the… t.co/EHOFq4Gz3b
We are pleased to welcome Wesleyan Bank as the latest partner bank to join our platform! The partnership expands… t.co/ONEyA0LGZG
At various stages in the pension lifecycle, a material portion of your clients’ pension assets may be in cash. The… t.co/CQEuZtf6te
As Featured In: