Money who owns who

Technology Minerals wants to make electric car batteries greener through recycling and re-use and plans to list on London's stock market Technology Minerals aims to be the first British company to recycle, recover and re-use the batteries on an industrial scale. My husband died before he could draw his state pension - why haven't I inherited any of it? Steve Webb replies My husband was born in and he died in Typical new mortgage rates nudge higher for first time in months: Those with big deposits hit hardest as lenders price in base rate rise The cost of the average mortgage has gone up for the first time since June, with some deposit tiers seeing increases of nearly 0.

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What taxes will I pay? British electric vehicle charge point firm promises to install k on-street devices by in huge boost for those without driveways The plans have been described as 'one of the most ambitious rollouts of public EV charging ever seen in the UK' and will provide a suitable infrastructure to 'support the tens of millions of drivers without off-street parking'. Are Premium Bonds worth holdingas inflation climbs?

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Are we all going on a summer holiday? Could your savings rate turn negative? How many state pensions were underpaid? With Steve Webb Previous. Can BT ring up the right numbers for your portfolio? Royal Mail investigating claims its drivers are logging fraudulent overtime claims after we raised the alarm We have handed the FTSE giant a number of cases of so-called 'fake hours' claims being submitted across the country.

How to choose the best and cheapest DIY investing Isa - and our pick of the platforms Choosing the right DIY platform is crucial but a wealth of choice and a variety of charges can leave investors scratching their heads.

Our savings picks: This is Money's five favourite best buy cash Isas We pick our five favourite cash Isas for savers. What next for mortgage rates? How to invest in shares: Your guide to successful stock-picking If you are interested in buying shares or know more about unearthing good companies and valuing them, read our guide to share investing. Ten tips for buy-to-let: The essential advice for property investors Buy-to-let lost some of its spark in recent years but that might be about to change as new tax cuts and low mortgage rates have caused landlords to flock back to the market.

Tom Becket: Will investors profit from a Roaring Twenties stock market or face a return to low growth with even more debt?

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British electric vehicle charge point firm promises to install k on-street devices by in huge boost for those without driveways Can BT ring up the right numbers for your portfolio? Telecoms giant is trimming the fat as it prepares to fight off a takeover bid How many firms do you put in the perfect fund? We ask fund managers with very different ideas to reveal their ingredients for success How will we manage? Plea from 2, left with no bank OR cash machine as Lloyds shuts Scillys' only one - and nearest is 20 mins away But fail to stop sewage leaking into rivers.

I'm nearly 54 and struggling - can I borrow some of my private pension to clear debts and then pay it back? Why must I wait a further seven months after I turn 66 to receive a state pension? I was left with nothing when I divorced my husband, so am I entitled to a share of his private pension? Should I take a lump sum out of my council pension or opt for higher annual payments through retirement?

We'd like a heat pump but our house has a combi boiler, would we need a hot water cylinder and new Dividends of global companies are safer as pandemic eases, but UK payouts remain the most exposed to future Footsie giant Johnson Matthey pulls the plug on electric car batteries: Setback for Britain's green future The Barnsley Building Society merged with the Yorkshire Building Society in December , and it was announced in December that the Chelsea Building Society would become part of the same institution by 1 April Before the transfer took place, any savings you had with the Post Office were covered by the Irish Deposit Scheme, of which the Bank of Ireland who provided the Post Office accounts was a member.

It's important to be aware you will get just one set of FSCS protection across all of the brands. This merger was announced in June , and will see Clydesdale and Yorkshire bank brands disappear from the high street, and replaced with Virgin Money - despite the fact that the Clydesdale and Yorkshire Bank Group CYBG is in control of the takeover.

This affords account holders greater protection than that available to FSA authorised banks. If you want to be covered by the UK compensation scheme, consider switching your savings into an authorised UK provider's savings account.

These are Crown dependencies and compensation is governed by their own laws. For more information on how your bank is authorised and how your savings are protected, visit the Financial Conduct Authority website www. The compensation limits are different to savings, and vary depending on the type of product you own. Each product type is treated independently under the FSCS rules, so if you choose to bank and invest with the same provider you would be entitled to compensation for each of the products you hold, up to the relevant FSCS limits.

The compensation rules for investments are more complicated than for savings deposits. The FSCS covers losses if an authorised financial services company is unable to pay claims against it. The first thing to remember is that investing is inherently risky, so there is no safeguard against funds falling in value, or the company in which you hold shares goes bust.

If you use an unauthorised adviser, you cannot make a claim. This is because investor money is ring-fenced and held by a third party like a global bank , which means that if your investment provider goes bust, your money should be unaffected. But there are some exceptions - a number of investments are eligible for compensation if you were advised to buy them, even though they wouldn't be protected if you'd invested in them without being advised to.

One such product is known as an 'unregulated collective investment' UCIS. These see your money pooled in with other investors to buy assets which are typically hard to value, such as fine wine or overseas property.

If a regulated financial adviser has recommended you invest in UCIS, the Financial Ombudsman could help with a complaint, but only if your investment is pooled together with others.

The individual or company that gave you advice must still be operating for you to raise a complaint. Again, the FSCS is restricted to cover losses arising from bad advice, not the platform failing.

This is because advice on a personal pension is protected, regardless of the investments that sit in that pension. But there is a way to check how you might be protected. You can use the FCA Register to check if a product, company or individual adviser is regulated and authorised. You can make a claim with the FSCS in a few easy steps, and the process should take one to two hours to complete.

If you need to claim under the temporary high balances rule, you'll need to provide evidence, such as a court judgment, will, property sale receipt, letter from an insurer, lawyer, conveyancer, former employer, pension trustees etc - whatever is relevant to your circumstances. You'll need to enter a few basic details about the nature of your claim, which company it involves etc, and the FSCS will quickly tell you whether you're eligible to make a claim.

You'll need to provide a few personal details to make an online account. You can submit your claim and check up on its progress through this account. You'll be asked questions about why you're claiming compensation, be asked to upload scans of your supporting documents and you'll also need to sign the claim electronically before it can be submitted.

You'll be sent an email to confirm that your claim has been received, but you should keep your eyes peeled in case the FSCS gets in touch to request any further information or supporting documents. We've outlined how long you can expect to wait to receive compensation in the FAQ section at the bottom of the page. While we're waiting for a Brexit deal to be confirmed, it's hard to say what will happen with offshore funds after a leave date has been decided.

See below for answers to some of the most common questions people have about the Financial Services Compensation Scheme. At the beginning of the FSCS claim process, you'll be asked a few quick questions to see if it can help with your claim. Enter your details to find out whether you're eligible, and if so you can continue with your claim. Money lost from bank or building society deposit failures is often paid back within a couple of days, so the sooner you make a claim the less time you'll be out of pocket for.

To make sure all of your cash is covered by the FSCS, you should make sure it's saved in different financial institutions, or - if your circumstances permit it - consider opening a joint account. There's an online contact form , where you can request someone to email, phone or write back to you. Deposit failures - ie when your bank, building society or credit union goes bust - are paid within seven days of making a claim.

These options are required on brokerage accounts. Tenants in Common TIC : This allows each joint holder of the account to designate their own beneficiary for their portion of the assets in the event they pass away. Instead of transferring by the rule of law to the second account holder, the assets are passed to the beneficiary.

The TIC designation allows the tenants to divide ownership of the property any way they choose. Stock Brokers. Debt Management.

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We and our partners process data to: Actively scan device characteristics for identification. I Accept Show Purposes. Your Money. Personal Finance. Your Practice. Popular Courses. Personal Finance Banking. What Is a Joint Account? Key Takeaways: A joint account is a bank or brokerage account shared by two or more individuals. Joint account holders have equal access to funds but also share equal responsibility for any fees or charges incurred. Transactions conducted through a joint account may require the signature of all parties or just one.

Learn more about a retirement money market account, a money market account held by an individual within a retirement account such as an IRA. How Does a Checking Account Work? A checking account is a highly liquid deposit account held at a financial institution that allows deposits and withdrawals.