https://petition.parliament.uk/petitions/222801 - if you've got an an ISA or SIPP, did you know your savings are not ringfenced if your stockbroker goes bust? A recent case meant shares were sold to pay for accountants' fees, hardly fair.
On the collapse of a stock-broker, this rule allows administrators to take fees out of client assets / money held in “ring-fenced” accounts. A conflict of interest arises between returning assets to clients in a timely fashion and the administrators' corporate motivation to maximise fee income.
