• Home
  • Multi-Asset
  •  
    Retirement
    • Pensions
    • Income
    • Investment
    • Regulation
    • Estate planning
    • Equity release
  •  
    Your profession
    • Adviser tips
    • Business models
    • Companies
    • People
  • Regulation
  • Tax planning
  • Protection
  • Diversity
  • Events
  • Whitepapers
  • Industry blogs
  • EM and Asia spotlight
  • Newsletters
  • ESG spotlight
  • Sign in
  • Events
    • Upcoming events
      event logo
      Professional Adviser's Working Lunches in partnership with Orbis Investments - 2019

      Join us in March for the Professional Adviser Working Lunch series in partnership with Orbis Investments.

      • Date: 05 Mar 2019
      • Knutsford, Leeds, Surrey, Bristol
      event logo
      Professional Adviser Working Lunches 2019 - Baillie Gifford & First State Investments

      Professional Adviser is delighted to announce the launch of the new Working Lunches in partnership with Baillie Gifford and First State Investments. Travelling across the UK to provide valuable market insights for Senior Financial Advisers.

      • Date: 13 Mar 2019
      • Southhampton, Worcester, Durham, Norwich, Liverpool, Exeter, Sheffield, Leicester, Nottingham
      event logo
      Professional Adviser 360 2019

      The highly anticipated Professional Adviser 360 conference is taking place on 25th April 2019 at The Brewery in London.

      • Date: 25 Apr 2019
      • The Brewery Chiswell Street London EC1Y 4SD, London
      event logo
      Fund Manager of the Year Awards 2019

      The 2019 Fund Manager of the Year returns on Thursday 27th June 2019, Grosvenor House Hotel, London. Save the date.

      • Date: 27 Jun 2019
      • Grosvenor House Hotel 86-90 Park Lane Mayfair London W1K 7TN, London
      View all events
      Follow our events

      Sign up to receive email alerts about our events

      Sign up
  • Whitepapers
    • Find whitepapers
      Search by title or subject area
      View all whitepapers
  • Sign in
  •  
    •  

      Personalise your on site experience

      Download and use the apps

      Access your subscription from outside of the office

      Get relevant news and insight straight to your inbox

      Sign in
     
     
      • Newsletters
      • Account details
      • Contact support
      • Sign out
     
  • Follow us
    • RSS
    • Twitter
    • LinkedIn
    • Newsletters
    • YouTube
  • Register
  • Industry blogs
  • EM and Asia spotlight
  • ESG spotlight
Professional Adviser
Professional Adviser
  • Home
  • Multi-Asset
  • Retirement
  • Your profession
  • Regulation
  • Tax planning
  • Protection
  • Diversity
 
  •  

    Personalise your on site experience

    Download and use the apps

    Access your subscription from outside of the office

    Get relevant news and insight straight to your inbox

    Sign in
 
 
    • Newsletters
    • Account details
    • Contact support
    • Sign out
 
Professional Adviser
  • Regulation

Bank of Cyprus seeks FSA protection for savers

cyprus-map
  • IFAonline
  • 07 June 2012
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Google plus  
  • Send to  
0 Comments

Bank of Cyprus is set to join the Financial Services Compensation Scheme (FSCS) to protect 50,000 British savers from its exposure to Greece.

The FT reports the bank has about £1bn of deposits in the UK, which are covered by a Cypriot compensation scheme. The report said, as fears grow that Cyprus may need a bailout from Brussels the bank has moved to reassure its UK customers that their money would be dafe if it collapsed.

The bank has applied to the Financial Services Authority (FSA) to make its UK operation a fully fledged subsidiary, regulated by the watchdog. It would offer the same protection - £85,000 per customer - as British banks.

The FT said it has received approval from the FSA and is set to join the deposit scheme by mid-July.

Related articles

  • Janus Henderson adjusts pricing approach on £2.8bn Property fund
  • 'Broken platform market' exposed by data from the lang cat
  • SJP directed to waive client's exit fees after 'catalogue of errors'
  • Vicki Bakhshi: Five responsible investment themes to watch in 2019
  • Succession Wealth planner becomes CISI Birmingham president
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Google plus  
  • Send to  
  • Topics
  • Regulation
  • FSA
  • FSCS

More news

Janus Henderson amends pricing of property funds
  • Property Investment
Janus Henderson adjusts pricing approach on £2.8bn Property fund

To promote 'long-term investment'

  • 15 February 2019
  • Wrap/platforms
'Broken platform market' exposed by data from the lang cat

Switching 'hard and expensive'

  • 15 February 2019
  • Your profession
SJP directed to waive client's exit fees after 'catalogue of errors'

Ombudsman decision

  • 15 February 2019
There might be smaller, more nimble funds performing better than larger ones in the IA universe
  • Investment
How much does fund size matter?

Smaller funds still packing a punch

  • 15 February 2019
Green hand
  • SRI
Vicki Bakhshi: Five responsible investment themes to watch in 2019

To drive progress

  • 15 February 2019
Back to Top

Most read

SJP directed to waive client's exit fees after 'catalogue of errors'
'Broken platform market' exposed by data from the lang cat
Janus Henderson amends pricing of property funds
Janus Henderson adjusts pricing approach on £2.8bn Property fund
Green hand
Vicki Bakhshi: Five responsible investment themes to watch in 2019
There might be smaller, more nimble funds performing better than larger ones in the IA universe
How much does fund size matter?
  • About Us
  • Contact Us
  • Marketing solutions
  • Terms and conditions
  • Privacy and Cookie policy
  • RSS
  • Twitter
  • LinkedIn
  • Newsletters
  • YouTube

© Incisive Business Media (IP) Limited, Published by Incisive Business Media Limited, New London House, 172 Drury Lane, London WC2B 5QR, registered in England and Wales with company registration numbers 09177174 & 09178013

Digital publisher of the year
Digital publisher of the year 2010, 2013, 2016 & 2017