Financial Services Compensation Scheme

Banking services - depositor protection

Your eligible deposits with Rathbones Investment Management Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. This limit is applied to the total of any deposits you have with the following:

  • Rathbones Investment Management
  • Greenbank
  • Greenbank Investments
  • Greenbank Investment Management
  • Rathbone Greenbank Investments
  • Rathbones
  • Rathbone Investment Management (Advice)
  • Rathbones Financial Planning
  • Rathbones Advice
  • Rathbones Financial Planning

Any total deposits you hold above the limit between these brands are unlikely to be covered.

 For further information please visit www.fscs.org.uk.

A copy of the FSCS compensation leaflet can be viewed here.

In relation to Rathbones Investment Management Limited, the cash element of your portfolio held in either a capital or income account is classified as a deposit. In the case of joint accounts, the limit of £85,000 applies to each depositor. This means that two eligible depositors could claim up to a total of £170,000.

Information about the protection of your eligible deposits and exclusions list.

Investment protection

Rathbones Investment Management Limited and Rathbones Asset Management Limited are also covered by the Financial Services Compensation Scheme for investment business.

In certain circumstances, in addition to the banking depositor protection, you may be entitled to make a claim to the Financial Services Compensation Scheme in the event of our default if we have provided bad or misleading advice, managed investments negligently, undertaken misrepresentation or committed fraud. In general if you are a private individual you will be eligible to make a claim to the Financial Services Compensation Scheme. If you are a business (in particular a small business) you may be able to make a claim to the Financial Services Compensation Scheme. In respect of investments, an eligible investor is currently entitled to claim up to £85,000. 

Assets within your portfolio are protected under the FCA’s rules on client money and safe custody assets (‘CASS’) rules and are not within scope of the FSCS rules.

Financial planning business

Rathbones Investment Management Limited is covered by the Financial Services Compensation Scheme for insurance and pensions mediation.

For insurance business that we advise on we are covered for 90% of the claim, without any upper financial limit. More information about this scheme is available on request or from the FSCS.

For pensions business that we advise on you may be entitled to make a claim to the Financial Services Compensation Scheme in the event of our default. An eligible claimant is currently entitled to claim up to £85,000.

Where we have categorised you as a Professional client you will generally not be eligible for compensation

Mortgage (home finance) advice or broking

Rathbones Investment Management Limited is covered by the Financial Services Compensation Scheme for home finance mediation.

In certain circumstances you may be entitled to make a claim to the Financial Services Compensation Scheme in the event of our default. An eligible claimant is currently entitled to claim up to £85,000.