The financial climate - your questions answered
Will what's happening affect my pension or investment with The Co-operative?
- How do I know my money is safe with The Co-operative Bank p.l.c.?
- Will The Co-operative Bank p.l.c. encounter problems in a recession?
- Is what happened to Northern Rock or HBOS likely to happen to you?
- Will what's happening affect my pension or investment with The Co-operative?
- Does the current crisis affect your ability to pay general insurance claims?
- What is the Financial Services Compensation Scheme?
- Is my money covered under the Financial Services Compensation Scheme?
The Co-operative Investments is in a sound financial position. We have good levels of financial capital to cover our liabilities and we have always avoided the more risky financial practices that have caused difficulties for other financial service organisations in recent months.
Of course all investments carry an element of risk; in particular investments linked to stocks and shares are clearly influenced by movements in these markets. This type of risk is an essential part of the investment and is present whichever company you invest with.
It is very important to keep in mind that investments should normally be taken out for the medium-to long-term so it is essential to take a considered view and not make snap decisions. We always recommend that you regularly review your investments; if you have any concerns you should speak to your Financial Adviser. Any guarantees that have previously been made on a pension or investment will remain; while anyone with a pension that is currently being paid out will not be affected by any movements in investment markets.
