Icesave Veterans Association

AbbieCadabra

linky

a little more info on certificates has been posted, from the ISA sub-forum:

"...She then rang the FSCS to ask when certificates would be sent out. They confirmed there was a delay, but said that anyone who had claimed before 21st November would have their certificates sent out by this coming Monday Dec 8th. For those of us who claimed after this, they had no idea when certificates would be sent."

our claims were 25 & 26 Nov

harrowing_3

AbbieCadabra wrote: »

linky

a little more info on certificates has been posted, from the ISA sub-forum:

"...She then rang the FSCS to ask when certificates would be sent out. They confirmed there was a delay, but said that anyone who had claimed before 21st November would have their certificates sent out by this coming Monday Dec 8th. For those of us who claimed after this, they had no idea when certificates would be sent."

our claims were 25 & 26 Nov

Shouldn't be too long now, depends on which method they've used....

Tibbledom

for the full statement see 5/12/08 press release at

http://www.fscs.org.uk/industry/publications/press_releases/

Relevant section on ISA certificates is:-

"The sending of some ISA certificates has been delayed after scheduled pre print testing identified an issue in relation to certificate data. This issue was relevant to a small proportion of the certificates and has now been resolved. For some people this has resulted in their ISA certificates arriving later than FSCS originally planned and FSCS apologises for any inconvenience. FSCS is sending out ISA certificates to more than 9,000 Icesave customers this week and more than 50,000 certificates in the next week. UK Icesave customers will be able to use the certificates to open new ISAs by 5 April 2009 without losing their tax status."

harrowing_3

...boy that's £15,000 just in 2nd class stamps!

oql61

Tibbledom wrote: »

for the full statement see 5/12/08 press release at

http://www.fscs.org.uk/industry/publications/press_releases/

Relevant section on ISA certificates is:-

"The sending of some ISA certificates has been delayed after scheduled pre print testing identified an issue in relation to certificate data. This issue was relevant to a small proportion of the certificates and has now been resolved. For some people this has resulted in their ISA certificates arriving later than FSCS originally planned and FSCS apologises for any inconvenience. FSCS is sending out ISA certificates to more than 9,000 Icesave customers this week and more than 50,000 certificates in the next week. UK Icesave customers will be able to use the certificates to open new ISAs by 5 April 2009 without losing their tax status."

Doesn't this all sound horribly familiar. Luckily this time I'm not involved. :j

My ISA's with Alliance & Leicester, earning a paltry 3.5%.

harrowing_3

oql61 wrote: »

Doesn't this all sound horribly familiar. Luckily this time I'm not involved. :j

My ISA's with Alliance & Leicester, earning a paltry 3.5%.

Is that today's rate or yesterday's ? :eek:

oql61

harrowing wrote: »

Is that today's rate or yesterday's ? :eek:

Just checked again. It's 3.55%. Is that good or bad?

suesie999

Hello all! Friday again.......been poorly still so not too "vocal" on the thread last couple days...just got this from FSCS press release:

IMMEDIATE: 05.12.08 MEDIA INFORMATION



FSCS urges Icesave customers to claim their compensation

FSCS has contacted almost all 214,713 Icesave customers offering them compensation following the closure of the internet bank Icesave. Of the 198,219 customers eligible to use the online system more than 174,000 people have now completed the process; however, there are still about 24,000 who have not yet transacted. FSCS urges those individuals who have not yet claimed their compensation to log on and complete the simple online process as soon as possible.

By 30 November FSCS had sent emails to all Icesave customers eligible to use the online system offering them the chance to transact and claim their compensation. So far £3.2 bn has been paid to depositors UK Icesave customers. In addition, some fixed rate savings account holders, with total deposits of £650m, have chosen to be paid compensation at maturity. The FSCS’s online process will remain active until 30 December 2008. After that date, UK customers of Icesave who have not claimed will not be able to do so using the electronic process. In January 2009 FSCS will send a paper application form to those who have not transacted online. The aim is to process paper application forms within six weeks of receiving them back from claimants.

Jonathan Clark, Director of Claims at FSCS says: “We are glad to have been able to help so many savers in such a short period of time. The accelerated online process we have created has enabled the vast majority of Icesave customers to claim their compensation. Those who have not yet claimed can do so by logging on to their Icesave accounts and following the instructions in the second email, which is posted on our website. The process only takes a few minutes and will avoid any further waiting or paperwork.”

“There were a small number of individuals who were not able to access the online system and most have been sent paper application forms, the majority of which have been returned and are already being processed. We are continuing to work as fast as possible in order to compensate the UK Icesave customers still waiting for compensation.”

FSCS is sending letters this week to those individuals who are eligible to claim via the online system but have not yet claimed. All the letters will have been sent by the end of this weekend. The letter informs claimants that they can claim online as soon as they are able following the instructions in the second email. The second email can be accessed on FSCS’s website in case anyone is still experiencing difficulties receiving it.

There were around 17,000 UK Icesave customers who were unable to claim compensation through the online process. Approximately 16,000 of those have been sent an application form and the remaining 1,000 will receive them shortly. FSCS has started processing those application forms that have been returned and aims to complete claims within six weeks of receipt.

The sending of some ISA certificates has been delayedafter scheduled pre print testing identified an issue in relation to certificate data. This issue was relevant to a small proportion of the certificates and has now been resolved. For some people this has resulted in their ISA certificates arriving later than FSCS originally planned and FSCS apologises for any inconvenience. FSCS is sending out ISA certificates to more than 9,000 Icesave customers this week and more than 50,000 certificates in the next week. UK Icesave customers will be able to use the certificates to open new ISAs by 5 April 2009 without losing their tax status.

FSCS is aware that there are still individuals waiting for compensation. FSCS remains committed to making sure everyone receives their money as soon as possible.


Cant believe so many wouldnt have bothered to claim

suesie999

....BTW.....drinks are in...........

oql61

oql61 wrote: »

Just checked again. It's 3.55%. Is that good or bad?

Ah. It IS bad! It was a good rate when I went for it. I should have fixed. Can I move it somewhere else even if it hasn't been in for a year? Fortunately there isn't that much in it (about 7K).

Can anyone advise?