Icesavers get accelerated compensation

The Financial Services Compensation Scheme (FSCS) says its priority is to ensure savers get a speedy payout through an accelerated compensation process. Following the collapse of Landsbanki, which had over 200,000 UK savings customers, the Government stepped in to give a 100% guarantee for all deposits and also provided protection for ISA tax status. The FSCS has detailed the stages involved in the process, which will ultimately see cash transferred electronically into a linked account. Icesave customers will shortly receive a letter detailing the full process and will be written to agai...