FSCS limit

[nitram]

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/

 

[jimbo 111]

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/

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

 

[nitram]

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of the institutions I have deposits have emailed me to say that, if necessary to meet the new limit, up to £10k can be withdrawn without penalty on 31/12/15.