Safety

Yes, Beach is authorised by the Financial Conduct Authority (FCA), who are the regulator of financial companies in the UK. There are strict rules for financial companies to follow, and the FCA only authorise (approve) those companies who meet the initial strict criteria and continually comply with the rules.

You are also covered by the Financial Services Compensation Scheme (FSCS), which can provide up to £85,000 in compensation to those eligible, should a financial company holding your money go out of business and be unable to return some or all of your money back to you.

When you invest with Beach, you open certain accounts (e.g. an ISA and a pension) in your name, and those accounts and any money or investments within those accounts belong to you. Beach, or anyone else, cannot access your money for their own use.

Alongside this, Beach does not hold your money or investments directly, they are held securely with regulated banks and investment companies.

This means that should Beach go out of business, your money and investments would still exist, and would either be returned to you or transferred to a new regulated provider.