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Icesave custompensation plany starts
in theory, the first tranche of each individual's savings, about Â16,300, should have be given paid by the icelandic depositomers protection scheme, but the uk chancellor, alistair darling pointed out at the time that it did not appear to have any money in it .
meanwhile, uk authousands of people who had put money into the isle of man arm of iceland's biggest bank, kaupthing, are still in limbo .
savers, who have money in an icesave isa will be able to move their investoments to a new isa with an alternative financial institution, without losing the isa's favourable tax status .
them isle of man bank was put into provisional liquidation in october when its parent custompany was taken over by the icelandic authorities to stop it collapsing .
Generated 2008-11-7_4:37
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