1. nitram

    nitram Registered User

    Apr 6, 2011
    19,246
    Male
    North Manchester
    #1 nitram, Jul 24, 2015
    Last edited: Jul 24, 2015
    Basically the pound has strengthened against the euro so the limit is going down from £85k to £75k at the end of the year.

    No decision yet about what happens to people who have a bond in excess of £75k (inc interest) at the end of the year, will the provider be forced to allow them to withdraw some funds early without penalty?

    http://www.fscs.org.uk/what-we-cover/questions-and-answers/qas-about-limit-changes/
     
  2. jimbo 111

    jimbo 111 Registered User

    Jan 23, 2009
    5,080
    North Bucks
    Thank you nitram
    It is a Godsend that people like you can keep 'old f***s like me aware of situations like this ,that we often ignore
    jimbo
     
  3. nitram

    nitram Registered User

    Apr 6, 2011
    19,246
    Male
    North Manchester
    The expected seems to be happening.
    Two of the institutions I have deposits have emailed me to say that, if necessary to meet the new limit, up to £10k can be withdrawn without penalty on 31/12/15.
     

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