Summary
CONSUMERS must watch out that they do not hold savings with more than one brand run by one institution after the Financial Services Authority announced it will not be requiring separate protection of up to GBP 50,000 for each deposit.
Many banks take deposits under a wide range of names within a group, which is confusing to customers, and the FSA is requring them in future to tell customers which brands are protected under which banking licence.See the full content of this document
Extract
The Week Unzipped: Anger Over Fsa Ruling On Savings
Lobby group Which? has slammed the move, saying: "It shouldn't be up to consumers to ...
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