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what happens to my ISA if legal & general folds?

by Rog2S 17 February 2009 |

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824

MikeGG1 posted
Your ISA is ring-fenced so a liquidator would not be able to get his hands on it and also the units are held by a separate custodian. On top of that, there is the Financial Services Compensation Scheme.

That is triple protection.
Posted on 17 February 2009 | Love 0 loves Report
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mikefour posted
Is L&G in trouble? I have not heard anything about this.
Posted on 17 February 2009 | Love 0 loves Report
824

MikeGG1 posted
I have heard that there is a possibility that they might skip a dividend if some bonds that they hold default.

That is a long way from being in trouble, however, in the recent context, any bad news devastates share prices.
Posted on 17 February 2009 | Love 0 loves Report
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peepobaby posted
It won't fold. They are very cautious and are assuming 1930s style depression so even if there's a collapse and they need capital, the market will provide it. L&G are being pulled down by the other miscreants in the financial sector that are "too big to fail".
Posted on 18 February 2009 | Love 0 loves Report

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