Basic information about the protection of your eligible deposits
Persons dealing with any member of the Green Hill Trust Group outside the UK should be aware that they may not be covered by the rules and regulations applicable for the protection of investors in the UK and should seek advice in the relevant territory.
Deposits - for money held in a bank or building society in the UK, the scheme will cover up to £85,000. Deposits in all currencies are treated the same. Most individuals, businesses and corporations can claim back up to £85,000 (or £85,000 for each eligible account holder if it’s a joint account).
Investments - maximum £50,000, i.e. 100% of first £50,000 per person.
Mortgage advice and arranging (for business conducted on or after 31 October 2004) - maximum £50,000, i.e. 100% of first £50,000 per person.
Long-term insurance (e.g. pensions): maximum 90% of the claim without any upper limit.
Life assurance: The Compensation scheme may cover up to 100% of the total amount of your claim.
General Insurance:
- Compulsory insurance (e.g. third party motor): 100% of the claim, without any upper limit.
- Non-compulsory insurance (e.g. home and general): maximum 90% of the claim, without any upper limit.
General insurance advice and arranging: (for business conducted on or after 14 January 2005). Maximum 90% of the claim, without any upper limit.
For further information about the compensation provided by the FSCS please refer to the FSCS website at www.fscs.org.uk
Exclusions List
A deposit is excluded from protection if:
The holder and any beneficial owner of the deposit have never been identified in accordance with money laundering requirements. For further information, contact your bank, building society or credit union.
The deposit arises out of transactions in connection with which there has been a criminal conviction for money laundering.
It is a deposit made by a depositor which is one of the following: credit institution, financial institution, investment firm, insurance undertaking, reinsurance undertaking, collective investment undertaking, pension or retirement fund1, public authority, other than a small local authority.
It is a deposit of a credit union to which the credit union itself is entitled.
It is a deposit which can only be proven by a financial instrument2 unless it is a savings product which is evidenced by a certificate of deposit made out to a named person and which existed in the UK, Gibraltar or a Member State of the EU on 2 July 2014).
It is a deposit of a collective investment scheme which qualifies as a small company.3
It is a deposit of an overseas financial services institution which qualifies as a small company.4
It is a deposit of certain regulated firms (investment firms, insurance undertakings and reinsurance undertakings) which qualify as a small business or a small company5 – refer to the FSCS for further information on this category.
It is not held by an establishment of a bank, building society or credit union in the UK or, in the case of a bank or building society incorporated in the UK, it is not held by an establishment in Gibraltar.
For further information about the compensation provided by the FSCS please refer to the FSCS website at www.fscs.org.uk