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Building societies

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ailie | 21:26 Sat 17th Oct 2009 | Personal Finance
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Are these all safe now?
Considering investing in ISA with Principality but they seem a bit obscure...any views?
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Government scheme provides refund for up to £50k of individual investment, in the event they went bust.
As already stated, the government will compensate for any amount up to £50,000 for each saver (in one institution or a set of linked institutions which are covered by the same registration) and I'm sure that if anyubuilding society were in financial danger they would arrange for it to be merged with another one, as has happened with one of two in the recent past.

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