At Prosper, we understand that trust is an important factor when it comes to managing your money. That's why we want to assure you that your money is in safe hands with us.
Regulated by the Financial Conduct Authority (FCA)
Just like every pension administrator in the UK, we are authorised and regulated by the Financial Conduct Authority (FCA). This means that we are held to high standards and are regularly monitored to ensure that we are providing fair and transparent services to our clients.
You can find us on the FCA register here.
Securely held by an FCA Authorised and Regulated third-party custodian
At Prosper, we do not hold your money and assets ourselves. Instead, they are securely held by an FCA Authorised and Regulated third-party custodian called Seccl Custody Limited.
Seccl is a trusted custodian that currently holds £1.8 billion of assets for over 172,000 clients. It is wholly owned by Octopus Group, a reputable financial services company that also owns other well-known companies such as Octopus Investments, Octopus Energy, and Octopus Ventures.
Protected by the Financial Services Compensation Scheme (FSCS)
We understand that unexpected events can happen, which is why we want to assure you that your assets are protected by the government's Financial Services Compensation Scheme (FSCS).
In the unlikely event that Seccl stops trading or is unable to meet its obligations, you may be entitled to compensation from the FSCS up to a maximum of £85,000 (or such other value covered from time to time by the FSCS) against the company.
Footnote: The numbers mentioned in this section are accurate as of 10 April 2024.
At Prosper, we take the security and protection of your money seriously. You can trust us to handle your money with care and transparency. If you have any further questions or concerns, please don't hesitate to contact us. We are always happy to help.