Kaupthing

Almost 5,000 payments to savers in Kaupthing Singer & Friedlander (KSF) are still outstanding despite a government swoop to reimburse savers five months ago.

Almost 5,000 payments to savers in Kaupthing Singer & Friedlander (KSF) are still outstanding despite a government swoop to reimburse savers five months ago.

Aegon Scottish Equitable International (ASEI) has been accused by an adviser of publishing misleading literature for a cash deposit fund offered by Kaupthing Singer & Friedlander IOM (KSFIOM).

The action group for depositors in collapsed Kaupthing Singer & Friedlander (KSFIOMDAG) is 'devastated' the court will adjourn the decision of whether a Scheme of Arrangement should be used to return depositors' savings.

Approximately £94m from Isle of Man government reserves will fund larger early payments to Kaupthing Singer & Friedlander Isle of Man (KSFIOM) depositors, according to a local Isle of Man newspaper.

IFAs are not responsible for misjudging the risk to depositors placing money in collapsed bank Kaupthing Singer & Friedlander Isle of Man (KSFIOM), according to the Association of IFAs (AIFA).

Regulators from Guernsey and the Isle of Man have voiced their disappointment over the FSA's dealing with the jurisdictions at the height of the Icelandic banking crisis.

IFAs are not responsible for misjudging the risk to depositors placing money in collapsed bank Kaupthing Singer & Friedlander Isle of Man (KSFIOM), according to the Association of Independent Financial Advisers (AIFA).

The Kaupthing Singer & Friedlander Depositor Action Group (KSFIOM DAG) has urged the Isle of Man government not to 'railroad depositors' into a Scheme of Arrangement to save its 'political and financial bacon'.

An increased early payment of up to £10,000 for each Kaupthing Singer & Friedlander Isle of Man (KSF IoM) account holder has been proposed by the Treasury.