Is your money safe?

[SandyDown]

Where are people who have large 6 figures savings, even 7 figure sums keeping their money? I would be papping myself with the current crisis and only being protected for 35k.

ever heard of Private Wealth Management ?!

[bobhope]

Oh-oh

just had a thought. Hargreaves Lansdown hold their sipp pension client money with HBOS.

I can't be the only one here who has a load in cash with them.........

Anyone know anything about this?

googling now.

[badger7579]

Anybody know the legal position for business bank accounts? I know the government guarantees the first 35£k for personal accounts but what protection do you get on a business bank account. If my business bank goes tits up what happens to cash in the account??

ok so back to the question in hand...

[ContractIn]

ever heard of Private Wealth Management ?!

Yep, but how are these immune from the current crisis?

[dang65]

More importantly (though irrelevant to most people here, I know), what happens to your mortgage if the bank you have it with goes tits up?

[Bob Dalek]

More importantly (though irrelevant to most people here, I know), what happens to your mortgage if the bank you have it with goes tits up?

Buy a shotgun and go down with both barrels blazing when the bailiffs turn up. Take a few of 'em with you, that's my advice.

[SandyDown]

Yep, but how are these immune from the current crisis?

If one chooses to trade with their money, there is an associated risk, the question is how risky you want to go....

I doubt many high earners are just keeping their money into gauranteed returns (very low risk ) I would think most are investing in various businesses/properties etc...

[SandyDown]

More importantly (though irrelevant to most people here, I know), what happens to your mortgage if the bank you have it with goes tits up?

May be it means one wouldn't have to repay the mortgage and one could have the house for free

[Likely]

May be it means one wouldn't have to repay the mortgage and one could have the house for free

Sorry babe , but there is only one thing one can have for free and this is not a house.

[SandyDown]

Sorry babe , but there is only one thing one can have for free and this is not a house.

What is it then?? a free car?? free meal?? go on tell us