The Financial Services Authority has just confirmed that compensation limits for investors will be increased in line with a new European Economic Area (EEA) limit of €100,000, equivalent to £85,000. This represents a significant increase over the current limit of £50,000 per individual, per financial institution.

This protection applies to bank deposits, insurance policies and insured pension arrangements. The limits apply per person, so a couple can receive up to £170,000 joint-protection but the limit also applies per financial group – so savings or investments with two different companies sharing the same banking licence would only receive £85,000 total protection.

Compensation is just one factor which should be taken into account when reviewing your investments, EBS’ Investment Performance Review lifts the bonnet on your current arrangements and reports back on:

• Performance – is it meeting your expectations?
• Asset Allocation – do you understand where your money is actually invested?
• Charges - are you paying more than is necessary?
• Taxation – are you paying too much tax on your returns?

Why not find out more & get your investments in order for the New Year? An initial meeting is free from obligation & is held at our expense.

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