UK/FCA Protected Amount

[Nowler]

Hi all,

Hope you're all doing well!
Quick question as I am finding different answers.

In the UK FCA regulated brokers, banks etc gave a protected amount limited at 85k.

Is this per person?
Or per institution?

Eg. If I have 2 completely separate accounts with 85k in each, and was unfortunate that something happened to both... am I protected for just 85k or what?

I suspect its per person, if if something happens where I was eligible for the protection, I would only get 85k, and not 170k.

 

[1nvest]

Per Person, Per firm
Thats from the FSCS

 

[Nowler]

Per Person, Per firm
Thats from the FSCS

Ah right!
Good to know!
Cheers bud

Just gotta make sure the multiple firms/institutions are not just different branches under the same umbrella.

All I need to do now is make £85k+