Withdrawable Share Capital

A note on withdrawable shares has been made by the Consumer Financial Education Body's website - Moneymadeclear which was established by the Financial Services Authority.

This provides very clear guidance on how community shares work and what the associated risks are for an IPS issuing transferable shares.

Industrial and Provident Societies are registered by the Financial Services Authority (FSA), the UK's financial services regulator, but they are not regulated by the FSA to issue these shares. This means that if you buy them and things go wrong you will not be able to use the Financial Ombudsman Service or the Financial Services Compensation Scheme for complaints or compensation. For more information please visit the Moneymadeclear site.

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