In the event of a deposit provider being unable to meet any claims against it, money from your policy held with that provider will not be covered by schemes such as the Financial Services Compensation Scheme or the Deposit Guarantee Scheme.
Would a cash fund with the likes of Zurich or New Ireland be safer for my savings than deposit accounts in Ireland?
Who can make a claim under the Deposit Guarantee Scheme?
Personal customers
Sole traders and small businesses
Partnerships
Trusts
Small companies
Charities
Voluntary organisations
Accounts held in trust by solicitors (such as for personal injury awards)
Ref:Eddie Hobbs. @RealEddieHobbs 12:29 12/04/13ESM sub 4 Ire banks needs to be +20bn otherwise we are bunched. Failure + further recap wud lead to deposits haircuts, Govt bonds n An Post
(Paul Sommerville.....http://www.independent.ie/business/paul-sommerville-join-the-stimulus-party-itll-be-a-riot-29194676.htmlGetting worse more slowly is not the same as getting better......Stock market investors need to be aware that the next few years will be characterised by gut-wrenching sell-offs and jaw-dropping rallies as policy-makers try new ways to inflate away the problems. Huge currency fluctuations should be expected. Most importantly if you think the confiscation of savers' capital in Cyprus was unique you really have not being paying attention.
Would a cash fund with the likes of Zurich or New Ireland be safer for my savings than deposit accounts in Ireland?
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