nilrems camp for the disappointed to seek solace!

~Chameleon~

That's it, I'm banning all mention of alcohol for at least another hour

oql61

I'm glad you're all in the party mood! Regarding the FSCS I'm sure someone's having a laugh. Nothing for me today.

amistupid

suesie999 wrote: »

Ready and waiting on the tray sir.....hope you finished teh Stella ......:rolleyes:

Topless waitress.....nice.

Veryunique_2

While we are still compos mentis, perhaps we should reflect on what the latest FSCS figures really mean :

- by end of play today roughly 100,000 people will have received 2nd emails,i.e. less than half estimated number of savers

-onWednesday 75,000 people had received them, so 25,000 have gone out in the last 2 days (? 3)

- the total paid out has increased from 0.5 to 1 billion since Friday (although we didn't hear about it until Monday) plus an odd 133 million for fixed terms.

My take on this is that it will be another 2 weeks before everyone has 2nd email as 150,000 or so emails are pending as of now.

They are paying out about 0.5 billion/week but the number of recipients has shot up this week.

It begs the question: is the money being phased ?

Why are the FSCS obfuscating by not matching numbers of people to
amount of money/week ?

KenC_3

amistupid wrote: »

niice

Do I detect a little bit of excitement when you posted this .

Scottish_Icesaver

Still no 2nd e-mail for me. Only got the first one at the end of the first week.

As someone who had just over £50K in there (shouldn't have had but a transfer from the 3rd got reversed but that's another story) this could be a common thread. Or it could just be it's all at random.

Finally I noticed a sign in the local building society (principality) today saying 'Icesavers bring your money home'.

casabiosca

KenC wrote: »

Back to the FSCS figures. 100,000 second emails sent out of 200,000 but only £1bn paid out out of £4bn. Something tells me that the larger payments are being held back :mad: .

Nope - there was one on Moneysupermarket forum who received her £70,000 almost immediately and has had her cash in the bank for yonks now - and another who got his £300,000 back a while ago.
Strikes me as totally nuts to invest £300K with a max £50K compensation limit. How lucky can you get? They should have made him sweat.

janlaine

Camp Follower reporting for duty. Been AWOL today and have tried to catch up with the postings. Do i unstand it right that NO-ONE has had 2nd email today?
That's incredible! Already had one glass of red in support of you. If you don't get your 2nd soon I'll be alcoholic.:beer:

KenC_3

casabiosca wrote: »

Strikes me as totally nuts to invest £300K with a max £50K compensation limit. How lucky can you get? They should have made him sweat.

Now that is a tad unfair. When many of us fixed it was before there was any real possibility of an FSA regulated bank going tits up. There are also many for whom it is not practacle to split large sums into such small chunks.

casabiosca

Veryunique wrote: »

While we are still compos mentis, perhaps we should reflect on what the latest FSCS figures really mean :

- by end of play today roughly 100,000 people will have received 2nd emails,i.e. less than half estimated number of savers

-onWednesday 75,000 people had received them, so 25,000 have gone out in the last 2 days (? 3)

- the total paid out has increased from 0.5 to 1 billion since Friday (although we didn't hear about it until Monday) plus an odd 133 million for fixed terms.

My take on this is that it will be another 2 weeks before everyone has 2nd email as 150,000 or so emails are pending as of now.

They are paying out about 0.5 billion/week but the number of recipients has shot up this week.

It begs the question: is the money being phased ?

Why are the FSCS obfuscating by not matching numbers of people to
amount of money/week ?

I cannot recall where I saw the remark but somebody claimed that the Icesave helpline told them some time ago that the reason for delay was that the FSCS had not received the full funding (at that time) to compensate.
Seems to make sense that the anomalies we see are not due to random techniques which we have already discounted as a serious method but as you suggest, a match of money and people. hmmmm