Paphos People
https://www.paphospeople.com/ppforum/

Investments
https://www.paphospeople.com/ppforum/viewtopic.php?f=2&t=30577
Page 1 of 1

Author:  toonarmy9752 [ Tue Jan 12, 2016 6:24 pm ]
Post subject:  Investments

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

Author:  Yakflyer [ Tue Jan 12, 2016 7:04 pm ]
Post subject:  Re: Investments

Is that for the UK, or Cyprus, or both?

Author:  toonarmy9752 [ Tue Jan 12, 2016 7:11 pm ]
Post subject:  Re: Investments

Europe

Author:  toonarmy9752 [ Tue Jan 12, 2016 7:13 pm ]
Post subject:  Re: Investments

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

Author:  toonarmy9752 [ Tue Jan 12, 2016 7:28 pm ]
Post subject:  Re: Investments

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

Page 1 of 1 All times are UTC + 2 hours [ DST ]
Powered by phpBB® Forum Software © phpBB Group
http://www.phpbb.com/