SIPPs: Are SIPP deposit accounts covered by the Financial Services Compensation Scheme?

Are SIPP deposit accounts covered by the Financial Services Compensation SchemeAfter the credit crunch, the run on the Northern Rock and the instability of other financial institutions savers have understandably become more concerned about the security of their savings accounts. Go into almost any bank or building society, or indeed visit their website, and there are at pains to point out that savings held with them are secure; often pointing savers to the Financial Services Compensation ...

Housing & mortgage round up: Lloyds TSB to help 60,000 first time buyers, whilst housing market improves

Lloyds TSB to help 60,000 first time buyersNo house prices surveys this week but still plenty of news to report. This week saw a huge boost for first-time buyers as a major lender shows their commitment to this beleaguered group of would-be homeowners. Elsewhere there was good news for those people looking for signs that the housing market might finally be coming out of the doldrums....

Savings: More publicity for saver protection

Savings: More publicity for saver protectionIt seems that people with savings accounts are still unaware of the compensation they are entitled to if their bank or building society fails. The FSA (Financial Services Authority) want to address the problem and under new regulations due to be introduced on 31st August are requiring all banks and building societies to put up notices in their branches and also on their websites explaining to savers how their money is protected....