The value of investments can fall as well as rise, and you may not get back the full amount you invest. Eligibility criteria, fees and charges apply.
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How are my investments protected?
Keeping your investments safe Keeping your investments safe
Your investments should be protected even if Royal Bank of Scotland failed.
The underlying assets within each of the Personal Portfolio Funds available through Royal Bank Invest are held separately from Royal Bank of Scotland 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.
Financial Services Compensation Scheme Financial Services Compensation Scheme
The Personal Portfolio Funds available through Royal Bank 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 Royal Bank 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.
Records
Royal Bank of Scotland 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 Royal Bank of Scotland failed.
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Coutts role
Coutts acts as investment manager for the Personal Portfolio Funds, but your investments are held separately from its own. So if Coutts failed, your investments would still be secure.
In that instance the management company of the Personal Portfolio Funds would look for a new investment manager to run the funds.
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