Punter Southall Wealth
Here are some of the more frequent questions we get asked by clients.
Would an investor be covered by any guarantee and/or compensation scheme with regards to securities or cash?
We are a participant in the Financial Services Compensation Scheme (FSCS), details of which can be viewed at www.fscs.org.uk. Client cash and assets are covered by the FSCS up to the limits explained on their website.
What are the rates of return available on cash holdings?
We currently pay interest on sterling (GBP) cash holdings in portfolios at 0.00% p.a. Interest will be paid on free credit balances held on your behalf, calculated on a daily basis, unless the sum accrued during the quarter is less than two pounds and fifty pence. As at 1st June 2021, negative interest will be debited from Swiss Franc (CHF), Euro (EUR), United States Dollar (USD), Danish Krone (DKK), Japanese Yen (JPY), and Swedish Krona (SEK) denominated cash holdings as follows: CHF -1.50% p.a., EUR -1.00% p.a., USD -0.40% p.a., DKK -1.5% p.a., JPY -0.95% p.a., SEK -1.00%. Interest is not credited or debited from any other foreign currency cash balances held.