Your money is held in a custody account managed by our custodian, Seccl Custody Limited.
Seccl are owned by Octopus Group, a family of companies with over £9.1bn in Assets Under Management, 750+ staff and over 1.4m customers. They're regulated by the Financial Conduct Authority (FCA) and they hold your money separately from CIRCA5000 in a ring-fenced custody account.
The Financial Services Compensation Scheme (FSCS) was set up by the UK government in 2001 to protect customers and investors in the financial sector; the FSCS allows compensation of up to £85,000.
If CIRCA5000 or our custodian (or any other company with this protection) were to go bankrupt, you would be protected up to a value of £85,000. This isn’t something we expect to happen, but this is a piece of UK legislation that offers you protection. The FSCS covers insurance policies, deposits, mortgages, insurance brokering and in CIRCA5000’s case, investments.
It's important to understand though, that the FSCS doesn’t cover your investments if they go down in value due to market movements. You could get back less than you put in, and as with any investment, your capital is at risk.
If you would like more information on the FSCS protection you can visit their website here: http://www.fscs.org.uk.