Punter Southall Wealth
Here are some of the more frequent questions we get asked by clients.
Please do not hesitate to contact us on 020 3327 5656 or via email on firstname.lastname@example.org if the answers to your questions is not below.
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 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 3rd August 2020, negative interest will be debited from Swiss Franc (CHF), Euro (EUR) and United States Dollar (USD) denominated cash holdings as follows: CHF -1.00% p.a., EUR -0.70% p.a., USD -0.40% p.a. Interest is not credited or debited from any other foreign currency cash balances held.