How safe are my investments?
The Share Centre Limited is authorised and regulated by the Financial Conduct Authority (FCA) and is a member of the London Stock Exchange. As such, we must fulfil all the relevant regulatory requirements of an investment firm and you receive the maximum regulatory protection under FCA rules. We do not take any principal trading position, settlement exposure is kept to a minimum and spread betting is not offered.
Where are investments and cash held?
Your investments are registered in the name of Share Nominees Limited, a bare trustee nominee company. Some unit trusts and open-ended investment companies are registered in a nominee company owned by Cofunds Limited.
We regularly review our banking relationships and the distribution of deposits. Your cash is held with highly-rated FSCS regulated banks. Customer cash deposits are held in separate accounts from The Share Centre's own accounts.
In the unlikely event that The Share Centre was placed into administration, your investments would be safely ring-fenced and held in trust, since they are held in a separate company.
Financial Services Compensation Scheme (FSCS)
Your investments are covered up to the value of £50,000 by the FSCS. Similarly, your cash is covered up to £85,000 per bank.