Idea
If you are concerned about deposit security, learn about FSCS
by
iFAST Global Bank
It is understandable that safety has long been one of the most concerning issues for investors. How can they continue further investment if their funds' safety cannot be guaranteed?
iFAST Global Bank, a fully licensed bank based in UK, is regulated by the FCA and protected by the Financial Services Compensation Scheme (FSCS), which helps to ensure the deposit safety.
The FSCS is a safeguard measure established by the UK government to protect the financial security of individuals and small businesses. It protects the financial security of individuals and small businesses by offering products such as deposit insurance, investment loss compensation, and insurance claim payment.
FSCS covers business activities including deposits, insurance policies, insurance sales (after 14 January 2005), investment industry, home finance (after 31 October 2004), and other areas. The maximum compensation limit depends on the specific business area, such as a maximum compensation of £ 85,000 per person per company for deposits (applicable to companies declared insolvent since 1 April 2019).
Overall, the UK Financial Services Compensation Scheme is an important mechanism for protecting consumer rights and providing customers with a certain level of protection.
iFAST Global Bank is a member of the Financial Services Compensation Scheme (FSCS).
iFAST Global Bank is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Our Financial Services Register number is 716167. We are registered in England and Wales, our company number is 4797759.
Please note that the provided details serve as general information and should not be considered as financial advice or endorsements. We strongly advise customers to diligently carry out their own research and consider seeking expert guidance for tailored financial choices.
