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The Bradford & Bingley plc Compensation Scheme Order 2008

scruffyone
scruffyone Posts: 327 Forumite
Part of the Furniture 100 Posts Combo Breaker
in Savings & investments
Does anyone know what this means. Jargon was never my strong point but I get the impression that I have lost my money - yes!!

Comments

  • Masomnia
    Masomnia Posts: 19,506 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    As far as I know they still haven't been valued yet and the amount, if any, of compensation hasn't been determined.

    It's doubtful there'll be any I've been led to believe, but you never know, keep your fingers crossed!
    “I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse
  • Lansdowne
    Lansdowne Posts: 570 Forumite
    The Compensation Order doesn't spell out who gets how much, it only lays out the appointment of "an independent valuer" to decide how much shareholders will get.
    If you want to read it, the PDF is here
    but as you say it's mostly Jargon.
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