The Financial Services Compensation Scheme (FSCS) has confirmed that save as you earn share plans are covered by the scheme. You should bear in mind that if your savings in such a scheme are held in a bank or building society they will count towards your total £50,000 compensation limit with that institution.
These days it is important to remember that the FSCS also protects investments. After all, cash is likely to offer less attractive returns now that interest rates are coming down. Now it might be said that cash is a risk – could be time to look at fixed income products.