Kaupthing Singer & Friedlander Isle of Man Ninth Liquidation Distribution
KSF (IoM) has announced a further liquidation distribution of 2.2p in the pound.
Impacts on
these products
- PIMS
- Choice (Closed)
- Select (Closed)
Further to the eighth liquidation payment made on 28 June 2013, a ninth distribution of 2.2 pence in the pound was made on 5 September 2014. This has brought the total distributions to 98 pence in the pound.
The liquidators had originally estimated that the total recoveries would be in the region of between 82.88% and 93.76%. So with distributions standing at 98% this is a positive result.
We don't have any further information regarding the timing of future distributions, but for all the latest information please refer to the liquidators website at www.kaupthingsingers.co.im
Letters confirming the amounts payable on individual policies have been despatched to advisers and clients by post.