The losses would be shared by clients in proportion to the share of money held with the failed bank. Funds lost in this way may be compensated for under the Financial Services Compensation Scheme (FSCS) up to a limit of £85,000 per person, per institution, subject to other balances held with the bank in question.
Find out more about what the FSCS covers and who is eligible to claim at their website www.fscs.org.uk.
This page should provide you with key information, but if you have any questions you can email helpdesk.za@ig.com or call 010 344 0053.
Related questions
Improve your skills
Become a better trader with IG Academy. Take engaging step-by-step courses, attend expert-led seminars and webinars.
Get peer support
Have your questions answered by like-minded traders and IG staff over at IG Community.