Your Investments Are Not Protected (Don't get this wrong)

[@chrispalmer24]

I hope this was helpful, I've had so many people ask me how the protection actually works, as it's very complicated and is often mistaken. A huge thank you to the compliance team over at InvestEngine for working so hard with me on this one, it was a ton of work to make sure it was right 😊

[@sylsuthss]

Thank you so much for this very detailed video.

[@chrispalmer24]

@@sylsuthss No problem!

[@ericbullock6553]

Is T212 safe? Thanks

[@hpm79]

Thank you, I have spent ages trying to find out what happens if a fund/ETF manager goes bust but most only talk about platforms going bust. Great information.

[@wiztv4109]

Hi Chris SCHD and DGRO are best in the US. Any match them in Uk?

[@andrewcarmeichal3237]

Very helpful, thanks!

[@loubailey481]

As always thanks for the great insight, extensive knowledge and hard work researching Chris!

[@chrispalmer24]

Thanks Lou 🙏

[@MrFrobbo]

Useful explanation, what about if the platform and funds are the same, Vanguard for example?

[@tiptoemouse]

I would like to know this too.

[@MrFrobbo]

@@tiptoemouse I asked VG, £85k total for every service combined, ISA, General S&S, SIPP etc.

[@annacomnena217]

You should look at the dangers of non-certificated nominee accounts.

[@mostlyfishing1699]

What happens to any fractional shares if your platform went bust? Invest engine or trading 212 for example?

[@chrispalmer24]

Great question! Trading212 said "In the unlikely event, compensation is due for the amount equal to the monetary value of the fractional share." they went on to say that whole shares would be transferred, i.e if you had 1.5, the 1 would be transferred and .5 would be compensated in cash. I will check with IE too and get their response 🙂

[@bulltraderpt]

I wonder if cash in a stocks and shares ISA is covered?

[@nosharesnogains8505]

One thing i always wondered what we should do once we exceed 85k in the account. Should we switch platform to be safe and should we manage our stocks to make sure we never go over 85k

[@chrispalmer24]

Only worth doing if your in the type of funds that’s covered, ETFs for example it wouldn’t matter but “may” be covered. I think best bet is to go for really safe funds and stocks

[@anandben953]

Great insightful video. I hold Xtrackers Nasdaq 100 ETF, fund size is 632m with 0.20 TER. I've got about 1500£ in there. Should i switch to one of the top 10 providers mention in the video? or do you think Xtrackers are safe?

[@prisol]

great video thanks Chris, I have been wanted to know the answer to this question for a while now. Awesome !! QQ - What about uk based pension providers that are not in your list @11.45 such as Scottish Widows, Standard life, Aviva etc? how do i check if these are safe places for my pension and should i consider moving them into one that you have listed? thanks in advance.

[@adrianl5899]

Some Stakeholder and Personal Pensions held at the big insurers are considered to be 'directly managed under a life insurance contract' and have unlimited FSCS protection. Your provider will be able to tell you if this is the case regarding the product you have with them, or whether its coverage is instead as set out in this video.

[@chrispalmer24]

Hey Prisol, a lot of them will have to be super safe by regulation - the downside I always see with them is just how they perform vs others as they tend to put you in managed funds not in a simple index fund, which annoyingly, tends to always do better.

[@markpowellmp]

Might Prudential come under this heading? My FA said their pension funds are 100% government backed because they are considered as life insurance because of their size…..

[@adrianl5899]

@@markpowellmp If the pension documents refer to it being a 'long-term contract of insurance' it will have unlimited FSCS protection. If you've a regulated adviser that confirmed this then that should hopefully be the case, but documents or the probider themselves will confirm if wanting to be certain.

[@MrFrobbo]

I've also just been down this route and had my IFA and pension provider confirm in writing they are 'long-term contracts of insurance' and FSCS protected up to 100% of assets within. Quite the relief as SIPPs are typically up to £85k. Both pension types are useful, however for large sums I know which I'd pick even with less performance! The world is rather 'strange' at the moment.

[@215paul]

Grest info again Chris, is an index fund covered in the same way as you discussed about the ETF?

[@chrispalmer24]

Thanks Paul, it'll depend if the Index Fund is set up as an Exchange Traded Fund or not, more likely than not it would be, nearly all of mine are

[@steveywonder1990]

Where can I buy the pc or what are the parts?

[@chrispalmer24]

Hey Stevey, it's all here: www.amazon.co.uk/shop/chrispalmer/list/1HT8G4TJXTA32 🙌

[@Cherpontcarp]

Great & helpful video 👏

[@Kenzag454]

Very good content !

[@chrispalmer24]

Thanks Ken

[@affiliateheist]

Should do a video on investing £1M safely. I've seen platforms that split your cash across multiple savings accounts for example, so you get £85K on each account

[@chrispalmer24]

You definitely can with cash for sure. I don't think it's be a super relatable video though, haha, as much fun as it'd be! "How to invest £1million" could be interesting though and fit that in

[@sebkk2229]

Thanks for the video, finally someone explained that in detail

[@chrispalmer24]

No problem! Glad it was useful 🙂

[@riteshpatel8075]

What happens with individual stocks in trading 212 or HL? Will it be transferred to a new platform or will I just get the £85000

[@chrispalmer24]

Stocks would be treated the same as the ETFs, depends if the firm or the stock went bust

[@404allowed]

Hi Chris thanks for the content. Just to clarify in this scenario of the - "investment platform company" went broke and I have shares in multiple stocks Im assuming you cant lose the shares ? .

[@efoster_]

Do you offer 1 on 1 consulting? I’d be interested in having a chat with you!

[@upsidedowngamer7117]

Is free trade safe

[@chrispalmer24]

They are regulated in the same way 👍

[@alfonsohorcajada4399]

And Trade212 ?​@@chrispalmer24

[@geckomusic9631]

Great video but why in the world would you invest in Russia.

[@chrispalmer24]

I had done pretty well with the fund in the past and hoped the temporarily conflict would blow over (boy was I wrong 😂)

[@Baptist231]

Please get to the point quicker

[@chrispalmer24]

KZbin’s hard for that. I’d I don’t explain the full reasoning I get people commenting I haven’t explained it all 😂 so I have to make every video as if people know nothing, can definitely be hard sometimes

[@JohnBeeblebrox]

​. If only KZbin had a function that somehow enabled viewers to move forward (or back) to the video presentation at will. That would solve the "problem" 😊

[@gc8610]

Just speed up the playback

[@stevebaxter-m4e]

Hi Chris. excellent info once again. Do you have an email address as I have an idea for another show

[@chrispalmer24]

Thanks Steve - yeah it's [e-mail] :)