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The Financial Services Compensation Scheme

What is the Financial Services Compensation Scheme (FSCS)?

The FSCS is independent of the government and the financial industry, and was set up under the Financial Services and Markets Act 2000.

The FSCS is the UK's compensation scheme. You may be entitled to compensation from the FSCS if we or one of our third parties cannot meet its financial obligations.

Is my money protected?

FSCS protection depends on the type and circumstances of your claim - it won't include any losses on your investments due to market fluctuations as this is the risk you take when investing.

Standard Life Self Investor is a brand of Elevate Portfolio Services Limited (EPS). Currently, you may be able to claim up to £50,000 from the FSCS on investments held within your Standard Life Self Investor accounts if you should suffer a financial loss due to fraud or maladministration by us. If you hold investments from other products purchased from EPS, then the £50,000 compensation limit would apply to all of your investments with EPS.

We also place money and assets with sub-custodians as well as banking partners and fund managers. In the event of one of these failing we may be able to make a claim from the FSCS in order to meet our liability to you.

The protection limits that may apply should a financial loss be incurred from one of our partners include:

  • Up to £50,000 due to fraud or maladministration by one of our sub-custodians.
  • Up to £50,000 should a fund manager’s custodian arrangements fail. A fund’s investment assets are held separately to that of the fund manager and should remain protected, but if those arrangements fail due to maladministration or fraud we may be entitled to claim.
  • Up to £85,000 per person should one of our banking partners fail and your money can’t be recovered. This is a maximum compensation amount for all the money you hold with the bank in question.

For more information please see your Service Terms and Conditions, which you can find in your Smart+ Stocks and Shares ISA or Trading Account document library. To find out more please read the guide to protecting your money or for further information visit www.fscs.org.uk.