Many of our clients at Metis Ireland are invested with Standard Life and of the main benefits our customers enjoy is that Standard Life is covered by The UK’s Financial Services Compensation Scheme (FSCS). This was established under the Financial Services and Markets Act 2000 and was set up to provide protection to consumers if authorised financial services firms are unable, or likely to be unable, to meet claims against them.
So for example if Standard Life was unable to pay out its customers claims at any stage, up to 90% of their claim would be covered by HMRC (The British Government). This added layer of protection is something that we value very highly as it limits risk to our clients and also helps give them added peace of mind.
As stated above, previously with this scheme, in the event that Standard Life were to default, 90% of the claim was covered, however a recent change means that now 100% of our clients funds are covered with no upper limit, by the FSCS,
If you would like to avail of the extra protection added by FSCS, you can call us on 061-518365 for further information.