Keeping Your Investments Safe
Your investments would be protected even if Coutts failed. The underlying assets within each of the Personal Portfolio Funds available through Coutts Invest are held separately from Coutts by an independent company called a depositary, which is authorised by the Prudential Regulation Authority (PRA) and dual-regulated by the PRA and Financial Conduct Authority.
This company, the Bank of New York Mellon (International) London Branch, keeps the Personal Portfolio Funds’ underlying assets safe and holds them separately from its own.
Additionally, the Personal Portfolio Funds are based in the UK and so are covered by the UK Financial Services Compensation Scheme (FSCS), up to a maximum of £85,000 per person.
Coutts is required to keep accurate and up-to-date records of the investments we hold on your behalf within the relevant Personal Portfolio Fund. Each record is specific to each customer, and quite separate from the records of other customers’ investments and any assets belonging to us. They are also held separately from the underlying assets within each Personal Portfolio Fund. This all further contributes to protecting your investment if Coutts failed.
The Personal Portfolio Funds available through Coutts Invest are based in the UK and so are covered by the UK Financial Services Compensation Scheme (FSCS), up to a maximum of £85,000 per person.
However, it’s important to understand that the FSCS doesn't cover you if your investments don’t perform as well as you hoped, and you get back less than you originally invested.
Money you hold in your Coutts Invest ISA cash account is treated as a deposit so is covered by the same FSCS protection that applies to savings accounts and current accounts.
Please see the FSCS website for more information on the circumstances in which you might be able to make a claim.
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Contact your private banker at any time or call +44 (0)20 7957 2424 for more information.
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