On 07/10/2008 Brian Smith wrote:
> Just heard that Icesave has gone down and guess where our savings
> are/were.
not sure it has actually happened yet, but in any case...
"Under the depositor protection arrangements in Iceland and the UK, the
Icelandic authorities will be liable for the first 20,887 euros
(£16,300) of compensation.
We are gearing up to be ready to do whatever we can in order to get
compensation back to UK savers as quickly as possible
FSCS spokesman
The UK's FCSC will pay out the rest of the claims, up to the newly
introduced ceiling of £50,000 per person."
http://news.bbc.co.uk/1/hi/business/7656387.stm
Good luck.
Phil
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