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 Post subject: Investments
PostPosted: Tue Jan 12, 2016 6:24 pm 
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Location: Peyia Paphos
Just a note for those lucky enough to have large investments - as of 1st January 2016 - the protection afforded and offered by the Depositors Compensation Scheme of £85000 per person per institution has now been reduced to £75000 - so review what you have and where you hold it....... if you can
NOTE ....the €100,000 limit PER PERSON PER INSTITUTION remains unchanged


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 Post subject: Re: Investments
PostPosted: Tue Jan 12, 2016 7:04 pm 
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Joined: Mon Dec 24, 2007 12:24 am
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Location: Ha Potami, Kouklia
Is that for the UK, or Cyprus, or both?


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 Post subject: Re: Investments
PostPosted: Tue Jan 12, 2016 7:11 pm 
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Europe


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 Post subject: Re: Investments
PostPosted: Tue Jan 12, 2016 7:13 pm 
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doesnt matter where the funds are in europe the limit is now 100,000 euros or the equivalent as of now is approx £75000 per institution per person

the rub is that for those people who say invested funds at the old rate for a longer period they will be at risk although the organisation has said they will allow and thus protect for 6 months to give time for funds to be moved to "safety" - stupidly they assume that the finds can actually be moved.....

they really should have honoured existing investment arrangements


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 Post subject: Re: Investments
PostPosted: Tue Jan 12, 2016 7:28 pm 
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source http://www.fscs.org.uk/what-we-cover/el ... it-limits/

so i think anyone who has invested sterling sums abroad in excess of £75k need to check and be aware of their risk


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