Money helpdesk: Guarantee covers both deposit and investment

AFTER reading last week's article about banking licences I would like to know if my savings invested with Nationwide Building Society (£50,000), and another investment which includes £40,000 in stocks and share plus £10,200 in an Isa account both of which are with Legal and General, are covered by separate banking licences?

DM

Michelle Slade at Moneyfacts writes:

Savings deposits and investments are viewed separately by the Financial Services Compensation Scheme. Deposits are covered up to 50,000 per person per deposit taking provider, while investments are covered to an equal level of 50,000 per provider. Though Nationwide Financial Services offers Legal and General products, it is a separate company, so you will have the separate protection. However, even if both were with the same company you would still be covered separately as part of your money is in savings deposits and part is investments.