Sometimes an investment firm goes out of business and cannot return investments or money that it owes to clients. These investments may include:
- company shares,
- tracker bonds, or
- life and non-life insurance policies.
In the past, investors could do very little to get their money back and many suffered significant losses.
The Investor Compensation Company DAC (ICCL) was set up to give private investors a way to claim compensation without the need for expensive legal action.
The ICCL runs the Investor Compensation Scheme. It is funded by levies paid by authorised or registered investment firms that are members of the scheme.
We can pay eligible investors 90% of the money they have lost, up to a maximum of €20,000.
To find out more about the Scheme, click on the links below: