S&S ISA & SIPP with one provider- 85k FSCS?
S&S ISA & SIPP with one provider- 85k FSCS?
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Exacting_checks

Original Poster:

24 posts

56 months

Friday 26th May 2023
quotequote all
I'm just having a re-jig of my personal pension and stocks and shares ISA. It's possible I may end up with both products supplied by one provider with a balance of over £85k. I have a couple of questions.

Are SIPPS covered by the FSCS, or is there another type of protection on personal pensions?
If the only cover available is the FSCS, then am I right to assume that if the worst were to happen, I'd only be covered for a total of £85k if I had an ISA and SIPP with a single provider?

Thanks




bogie

16,927 posts

296 months

Friday 26th May 2023
quotequote all
Generally funds inside a SIPP are held independently of the provider, therefore if a provider went under the funds should be unaffected.

More details https://www.onlinemoneyadvisor.co.uk/pensions/sipp...

and on the FSCS site

https://www.fscs.org.uk/check/pension-protection-c...




Exacting_checks

Original Poster:

24 posts

56 months

Friday 26th May 2023
quotequote all
Thanks for that.
I’ll take a look at the links