We bank with Natwest Bank where we hold all our client funds. In the event
that there is a banking failure, we do not accept liability for losses resulting
from that failure.
The Financial Services Compensation Scheme (‘FSCS’) is the UK’s statutory
fund of last resort for customers of a deposit taking institution. This means that
the FSCS can pay compensation if such an institution is unable, or likely to be
unable, to pay claims against it. FSCS is an independent body, set up under
the Financial Services and Markets Act 2000. The scheme covers deposits at
our bank belonging to clients who are individuals or businesses up to the
compensation limit that exists at the relevant time (currently £85,000) per
However, this limit applies to the total amount of all deposits held by the bank
for that client including any deposits held by other members/brands of the
banking group that are authorised by the United Kingdom’s Financial Services
Authority under the same banking licence. If you hold other personal monies
yourself in the same bank as we hold client funds you will only receive
£85,000 in total, so any compensation already received by you will be
deducted from compensation available in respect of the funds deposited by us
on your behalf.
Some deposit taking institutions have several brands, i.e. where the same
institution is trading under different names. You should check with either your
bank, the Financial Conduct Authority or a financial adviser for more
For more information
Should Natwest Bank default on their obligations, we can contact the FSCS
with details of all clients whose money is held in our account and the amount
to which they are entitled, with supporting evidence. In order to provide such
information, we require your consent and accordingly by accepting these
Terms and Conditions you give us that consent, unless you inform us in
writing to the contrary. If you inform us in writing that you do not give us
consent, the FSCS will still need to know the account balances but we may
withhold your identity. In this case, you will not be able to receive
compensation from the FSCS.
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