Regulated and Protected Investment Bonds
SynerGIS is a brand name of Global Investment Strategy UK Ltd (GIS). GIS is an investment firm that is authorised and regulated by the Financial Conduct Authority (FCA).
SynerGIS is a brand name of Global Investment Strategy UK Ltd (GIS). GIS, the entity you purchase the SynerGIS Investment Bond from, is a participant in the Financial Services Compensation Scheme (FSCS).
The FSCS is the compensation fund of last resort for authorised financial services firms. It may offer compensation if a firm is unable, or likely to be unable, to pay claims against it.
For an investment firm, the FSCS may pay compensation of up to £50,000, per firm, to an eligible claimant.
The FSCS can pay compensation if a number of conditions, set out in the FCA rules, are met.
The FSCS considers each claim individually at the time a claim is made to decide whether the conditions are met. The main conditions are:
- An authorised firm must be “in default” – i.e. it is unable or likely to be unable to pay claims against it;
- The claim must relate to a regulated activity that is protected by the FSCS, such as protected investment business;
- The firm must be legally responsible for the claimant’s loss; and
- The claimant must be eligible
GIS’s legal obligation to buy back SynerGIS bonds is a “protected investment business”.
The eligibility of claimants is determined on a case by case basis. Claimants are eligible to claim unless they are excluded by the rules set out in the FCA Handbook.
Private individuals, small companies, beneficiaries of trusts and SIPP investors are generally eligible to claim compensation where they are not connected to the relevant FCA-regulated firm (GIS). Large companies and overseas financial service firms are excluded.
As well as being an eligible claimant, you need to have a valid claim within the rules of the FSCS.
If you are eligible for FSCS protection, the FSCS may pay compensation on your investment, up to a maximum of £50,000 per person. If you invest in a joint account and both individuals are eligible under the FSCS, you can claim up to a maximum of £100,000. A higher limit of £85,000 applies only in relation to firms offering deposits, such as banks and building societies. SynerGIS bonds are not deposits.
Please note that if you invest in a SynerGIS Bond that pays interest semi-annually, the FSCS will not compensate you for any unpaid interest as this is not an obligation of the FCA-regulated firm (GIS).
You can find GIS in the FCA register.
Compensation is not paid out automatically, you have to apply for it. Please visit the FSCS website for more details.
HMRC Approved ISA Manager
We are an HMRC approved manager of Stocks and Shares ISAs, reference Z1766. When applying for any SynerGIS Bond you can select the ‘ISA wrapper’ option to take advantage of your annual tax-free savings limit. To find out what the limit is for the current tax year, click here.
The above information is provided as a guide only and does not represent investment advice, endorsement or recommendation to invest in any financial product or security. Customers are advised to consult an independent financial adviser in the event of any doubt regarding the suitability of any financial product.