Safeguarding and security of funds

Protecting your money is our top priority, and we have various security measures in place to keep your online account secure and protect the money you hold with Lumon. For more information on how we do this, please visit: how we protect your money

Lumon operates as an authorised e‑money institution under the UK Electronic Money Regulations. This means your funds held with Lumon are not protected by the FSCS, as FSCS protection only applies to bank deposits.

Instead, we protect your money through a regulatory process called safeguarding. Safeguarding is a legal requirement for all e‑money institutions and protects client funds should Lumon ever become insolvent.

You can learn more about safeguarding here.