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.
The Insignis Cash Solutions service can be used to solve common problems facing solicitors and accountants, and you… t.co/RJ4L3E6BPu
We are very excited to share the news that Beth Scholes will be joining the Insignis Cash Solutions family, in her… t.co/Ni18xji6Kq
When it comes to being fully independent, supporting over 500 UK wealth managers, and giving you and your clients t… t.co/mGIDGzFDTi
Do your clients have mixed currency cash assets? Insignis can assist you in simplifying management of USD and EUR… t.co/pvCCRP6ZQk
As Featured In: