DevDosh Ltd  non-Financial Services Compensation Scheme

DevDosh Ltd are not covered by the Financial Services Compensation Scheme

DevDosh Ltd do not fall under the patronage of the Financial Services Compensation Scheme (FSCS) and so other mechanisms have been put into place to safeguard investor capital. Similar to SIPPS and online trading platforms our investors capital is completely ringfenced and protected. DevDosh Ltd client funds are not retained and controlled by DevDosh Ltd but by independent third party regulated commercial escrow services and solicitors. Should DevDosh Ltd no longer be able to trade for any reason the investment will be administered through its life cycle by the commercial escrow service and solicitor. At the maturity point of the investment, capital and investment yield are returned to the investor.

FSCS and Investments
The FSCS is an independent body set up by the UK government. The FSCS is financed through fees charged to companies authorised by the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA). Their role is to provide financial compensation to investors where qualified to do so.

Scenario 1: Individual/small company invests with an FCA/PRA authorised company. Said company goes into receivership. The FSCS will financially compensate the individual/small company within the limit of £85,000 GBP.

Scenario 2: Individual/small company suffers financial loss as a result of negligent advice by a regulated financial advisor. The FSCS will financially compensate the individual/small company within the limit of £85,000 GBP.

FSCS Compensation Exclusions
The FSCS will not pay compensation in respect of non FCA/PRA regulated products and services, exchange traded funds, investment trusts, hedge funds, some structured deposit products etc. The FSCS do not compensate for poor investment decisions or falling asset values.

DevDosh Ltd Compensation
As DevDosh Ltd operate outside the FCA regulatory framework we have put a system into place that exceeds expectations. Not only by ringfencing our clients funds and placing nominated officers in charge of the investment (regulated commercial escrow service/solicitor); but also by protecting every penny and not limiting the level of return to £85,000 GBP.