Is my money FSCS protected?

NuWealth, formerly known as Wombat Invest, is covered by the government’s Financial Services Compensation Scheme up to a limit of £85,000. Please be aware that this does not cover any decline in the value of your investments. You can find more information about FSCS protection here.

This does not cover FCA regulated e-money licensed companies such as CurrencyCloud. Funds received in exchange for electronic money will be safeguarded (i.e., protected) in accordance with the FCA’s electronic money rules. Protected Money is not covered under the FSCS but would be reclaimable under the FCA’s Safeguarding rules. More information on e-money rules can be found here.

Still have questions?

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