If your funds are held in a bare trust, each eligible beneficiary is protected by the Financial Services Compensation Scheme (FSCS) up to £120,000. If any beneficiary holds a separate account with us, please note this protection cover incorporates all accounts held.
For funds held in a non-bare trust, the £120,000 protection cover is applied to the trust rather than the individual trustees. Any trustees with an interest in more than one non-bare trust are protected up to £120,000 per trust.
For more information on the FSCS protection, please visit the FSCS website or click here.