Financial Services Compensation Scheme
Banking services - depositor protection
Your eligible deposits with Rathbone Investment Management Limited are protected up to a total of £75,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. This limit is applied to the total of any deposits you have with the following:
- Rathbone Bros & Co
- Rathbone Investment Management
- Rathbone Greenbank Investments
- Rathbone Unitised Portfolio Service
- Rathbones Scotland
Any total deposits you hold above the limit between these brands are unlikely to be covered.
In relation to Rathbone Investment Management Limited, the cash element of your portfolio held in either a capital or income account is classified as a deposit. In the case of joint accounts, the limit of £75,000 applies to each depositor. This means that two eligible depositors could claim up to a total of £150,000.
Rathbone Investment Management Limited and Rathbone Unit Trust Management Limited are covered by the Financial Services Compensation Scheme for investment business.
In certain circumstances you may be entitled to make a claim to the Financial Services Compensation Scheme in the event of our default. In general if you are a private individual you will be eligible to make a claim to the Financial Services Compensation Scheme. If you are a business (in particular a small business) you may be able to make a claim to the Financial Services Compensation Scheme. In respect of investments, an eligible investor is currently entitled to claim up to £50,000.
Rathbone Pension & Advisory Services Limited
Rathbone Pension & Advisory Services Limited is covered by the Financial Services Compensation Scheme.
For most types of investment business that we advise on we are covered for 100% of the first £50,000 (or currency equivalent) so the maximum compensation is £50,000. For insurance business that we advise on we are covered for 90% of the claim, without any upper limit. More information about this scheme is available on request or from the FSCS.
Where we have categorised you as a Professional client you will generally not be eligible for compensation