Investor compensation company see risks over Covid and Brexit  

The company gets its money from 3,100 investment firms that contribute to two funds. 

Picture: iStock

The company set up to protect investors when investment firms or stockbrokers collapse posted a €3.5m surplus for 2020 as it said there were risks amid a "very challenging and uncertain environment" from the Covid-19 and Brexit challenges.  

The Investor Compensation Company Limited (ICCL) said in its annual report it had a surplus of €3.5m and its reserves had grown to €65.2m in its 2020 financial year that runs to the end of July because there were no new claims made in the year.