Unimpressive!

A Baronworth Investment Services product story

Edited by the Insidemoneytalk editorial team Oct 3, 2007

The FSA has increased the limit of Financial Services Compensation Scheme cover so that the first ?35,000 of each depositor's claim is covered 100%.

The upper limit has not been increased so anybody with more than £35,000 with a bank or building society can take little comfort from this, so called, improvement.

In real terms, the only people who will benefit are those with ?35,000 or less.

In our view, this will do very little to boost investor confidence (particularly the elderly and those who are looking for a safe haven for their money).

The FSA may have been better off changing the cover to that available to investors in Guaranteed Bonds - where there is no cap on the level of compensation.

For further information please contact: Colin JacksonBy e-mail to colinjackson@baronworth.co.uk.By telephone on (020) 8518 1218By fax on (020) 8518 4313 01 October 2007.