You should be aware that investments can fall and rise in value and you may not get back the full amount invested. Past performance is not a guide to future performance. Before entering into any investment agreement, we will explain the risks to you but you must tell us if you do not understand the risks involved or if you do not want to accept that level of risk.
Accounting To You
We will arrange for all investments to be registered in your name(s) unless you instruct us otherwise in writing. We will forward to you all documents showing ownership of your investments as soon as practicable after we receive them. Where a number of documents relates to a series of transactions, we may retain each document until the series is complete and then forward them to you. In some cases documentation may be sent direct from the product provider.
Right To Withdraw
In the case of some investments, a right to withdraw or cancel the contract within a specified period is provided. Details of such rights are ordinarily contained in the product literature. Please note that you may not get back the full sum invested if an investment is cancelled.
Safeguarding Your Investment
For your protection, Clarendon is registered under the Data Protection Act, and maintains professional indemnity insurance that meets FCA requirements. We are also covered by the Financial Services Compensation Scheme (FSCS). You may be entitled to compensation from the scheme if you make a valid claim and we cannot meet our obligations. This depends on the type of business and the circumstances of the claim. The current limits are shown below (June 2016).
- Most types of investment business are covered up to a maximum limit of £50,000.
- Insurance advising and arranging is covered for 100% of the claim, without any upper limit.
- Mortgages and equity release advising and arranging are covered up to a maximum limit of £50,000.
- Bank & building society deposits are protected up to a maximum limit of £85,000.
Further information about compensation scheme arrangements is available from the FSCS at www.fscs.org.uk.