I was just wondering about the security of savings ISA's if fund manager goes bust are there
any FSA safeguards like the savings £50k guarantee
e.g. assume Fidelity or someone similair went bust and you had a fidelity share ISA like China
Special Situations - would the ISA be safe?
Has there been any cases of fund managers going bust and did the investors
get their money. This is more curiosity than anything.
Questions And Answers
How secure are Savings ISA's?
asked by Vinnie Cheng posted 2 Years ago at 9:36
1-1 of 1 Answers
laura C answered 2 Years ago at 12:12, last modified: 2 Years ago at 14:56Firstly it would take the investments that the fund managers made to all go bankrupt for you to loose your money and generally the investments are spread across multiple shares so it would take a complete melt down for you to loose everything. If a fund manager goes under it will not have any influence on your cash as it is not them that is holding it, its in some form of client account i think.
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