Uk Financial Services
If an investment is made with an investment house that is registered under the UK Financial Services Compensation Scheme and that investment house is unable to meet its obligations in the future, investors are covered for up to £85,000 per individual from 1st April, 2019.
If a life assurance or annuity policy is underwritten by a company that is registered under the UK Financial Services Compensation Scheme and that company is unable to meet its obligations in the future, policyholders or annuitants are covered for up to 90% of the benefits guaranteed under the life assurance or annuity policy.
David Cope & Partners Limited is not a licensed deposit taker or an authorised investment manager nor is it registered to write life assurance and annuity policies. However, if there was a negligence claim from clients against David Cope & Partners Limited itself and the firm was unable to meet that liability, despite its professional indemnity insurance, there would be cover for clients under the UK Financial Services Compensation Scheme, within the limits applicable to those of an investment house as outlined in the second paragraph above.
Reach out to our financial team.