ICS protection

The Investor Compensation Scheme (ICS) is administered by the Investor Compensation Company Limited. The scheme protects and compensates investors if:

  • an investment firm authorised by the Central Bank of Ireland is put into liquidation by the
  • The Central Bank of Ireland determines that the investment firm is unable to meet investor claims

Did you know?

The ICS doesn’t pay compensation if:
You incur losses due to receiving bad investment advice
Your investment is poorly managed or
Your investment performs poorly due to market or other economic conditions. If you experienced any of the above you should consider making a complaint to the investment firm.

How much am I covered for?

The maximum amount of compensation you can claim under the ICS is 90% of your net loss, up to a maximum of €20,000.

What investments are covered?

Investments covered under the ICS include:

  • public and private company shares
  • units in collective investment funds
  • life insurance policies (including unit-linked funds)
  • non-life insurance policies
  • tracker bonds
  • futures and options
What if my investment is not covered?

If your investment is not covered under the ICS, your investment may be covered under the Deposit Guarantee Scheme (DGS). If your investment is eligible under both the ICS and the DGS, the Central Bank of Ireland will decide which scheme pays you compensation.

For more information and to see if you would be eligible to make a claim under the Scheme, visit the ICCL’s website.

Last updated on 15 September 2021