I have built up a large fund in a self select ISA. I fully divested a few months ago and so am holding cash. I have been waiting to try and catching the bottom of the market before coming back in.
I am concerned that if my ISA provider were to go bust I would now lose my lifetime savings (except first £35k).
Am I at greater risk because I am holding cash not stocks. Even holding stocks carries risks as they are held in nominee form.
Any Thoughts?
I am concerned that if my ISA provider were to go bust I would now lose my lifetime savings (except first £35k).
Am I at greater risk because I am holding cash not stocks. Even holding stocks carries risks as they are held in nominee form.
Any Thoughts?
