Although our solution is covered by the Financial Services Compensation Scheme up to the present limit of £85,000 through our tech partners The Bank of London, in fact your clients' funds will be protected to their full value because of the 'safeguarding' relationship we have with them.
Under our safeguarding relationship, we hold your clients' funds segregated and safeguarded as bare trustees, under the Schedule 3A exemption from registration ("for the purpose of protecting sums or assets belonging to the segregating entity’s clients"), with a letter confirming that they are not available to our creditors or those of The Bank of London in the event of either's insolvency.
