Protect your clients

The problems in the banking sector continue and security of deposits remains a concern for savers. But what about those who have been holding cash in SIPPs? As I am sure you are aware, many SIPPs are classed as corporate depositors and hence are not necessarily covered by the £50,000 investor compensation should anything untoward happen to the deposit taker. Some may well have first hand experience of this when the Icelandic banks were troubled last year. Investor protection I wrote an article in September last year talking about investor protection, the Financial Services Compensat...