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Kaupthing Singer and Friedlander: Compensation

Volume 497: debated on Tuesday 13 October 2009

To ask the Chancellor of the Exchequer what estimate his Department has made of the numbers of depositors with Kaupthing, Singer and Friedlander (UK) who (a) are eligible for compensation, (b) have been compensated or informed they will be compensated and (c) are awaiting compensation from the Financial Services Compensation Scheme. (292145)

The Financial Services Compensation Scheme (FSCS) has provided the following information:

(a) The estimated number of KSF eligible depositors is 174,686;

(b) 173,703 depositors have already received compensation; and

(c) 285 applications for compensation remain under consideration by the FSCS, with around 700 application forms remaining unreturned.