Money helpdesk: Guarantee covers both deposit and investment
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.