Monday, 30 July 2012

At last Payouts have been made to Myself from FSCS

Dear all,

I would like to thank you all for your patience and would like to confirm that i have received payouts from FSCS. All the members that signed up for the petition have all been kept informed. Please let me know
if you have any other questions and I will try and help you in the best possible way.

At least stage 1 has been completed.

kind regards
Rav
Posted by at

34 comments:

  1. Unknown30 July 2012 at 11:32

    Hi Rav,
    Glad to hear you have been paid - I am still waiting to hear back from them.
    Steve

    ReplyDelete
  2. Anonymous30 July 2012 at 12:52

    Still waiting here, too. Just received a confirmation after sending in the claims form, that i should receive compensation within 6 month.

    Rav, can you confirm you got that letter too (stating 6 month), and received compensation almost thereafter?

    Best regards

    ReplyDelete
  3. rav70030 July 2012 at 13:35

    All claims have a time of 6 months, but in my opinion, you should receieve the payments in the following weeks.
    Please email me at nshah10@hotmail.com for any other queries.
    Good luck all

    Rav

    ReplyDelete
  4. Anonymous30 July 2012 at 13:57

    ditto - received confirmation but awaiting payment still. May be they are working their way through the alphabet ?????

    ReplyDelete
  5. Anonymous30 July 2012 at 16:28

    when did people receive confirmation ?-haven't heard anything at all

    ReplyDelete
  6. Anonymous30 July 2012 at 21:12

    Payment received on Saturday.

    Good luck all.

    Jay111s

    ReplyDelete
  7. Anonymous30 July 2012 at 22:10

    Heh Rav - may be you've been sent all the money and you've got to distribute it to us... lol

    ReplyDelete
  8. Anonymous3 August 2012 at 17:13

    Rav, resp. everyone else who received a cheque,

    did you have a claim in GBP or EUR? Residing in Great Britain or International client?

    ReplyDelete
    Replies
    1. Anonymous6 August 2012 at 23:10

      Germany (in GBP) still waiting :( No info! just automatic response after my mail with scanned application. No reply after my several email enquiries! This is an absurdity! How long will it take? Maybe 6 months? KPMG and FSCS have all crucial info about our accounts. Is it so hard for someone from the FSCS to sent us a check? Damn it! Never again!

      Delete
  9. Anonymous6 August 2012 at 23:34

    In Spain one person has received today the check

    ReplyDelete
  10. Anonymous7 August 2012 at 12:56

    I think that Rav has somebody in the FSCS that help him to receive compensation as priority. In France still no money. It's a little confusing! The FSCS already knows the details of our accounts and the whole process of receiving compensation is moving too slowly!

    ReplyDelete
  11. Anonymous8 August 2012 at 13:54

    And now again a day without envelope, no response to my emails, making fools of us. In my country there were two similar cases and all investors received compensations in the period of 3-4 months!

    ReplyDelete
  12. Anonymous9 August 2012 at 10:59

    I'm in the UK and still waiting despite having sent application form back to them immediately around 2 July. Anyone else in the same situation ?

    ReplyDelete
  13. Anonymous9 August 2012 at 14:23

    I am in touch with some people in France, Germany, Greece and Poland. There are no money yet!!! This is a paranoid situation!!! How much time does it take to send a check? Perhaps in this case Rav will speak to us. Because I do not know what to think. This is nonsense. Entering data on a check and sending it to the recipient takes a few seconds. No information on website, no response to email inquiries. Is this a standard procedure in the UK? In third world countries within 3 months the case would be closed.

    ReplyDelete
  14. Anonymous9 August 2012 at 15:54

    Don't panic I was in same position fretting and sweating when is my cheque back it will come to you as they have to go over each application12000 and check if u r genuine I got mine tues patience required

    ReplyDelete
  15. Anonymous10 August 2012 at 18:05

    Already the end of week. No money, no information on website, no response to email inquiries.

    Rav are you still alive?

    ReplyDelete
    Replies
    1. Anonymous10 August 2012 at 18:48

      Perhaps you should call FSCS helpdesk....Rav has been sharing the info he can but he does not work for FSCS..

      Delete
  16. Anonymous11 August 2012 at 21:27

    Still waiting for my cheque in UK. Phoned FSCS last Monday but that was a waste of time. He just said that the company doing it had 17000 claims to go through and it depended on how many claim experts they had working on it. Not many by the sounds of it. All a bunch of crooks. How do I even know if they've already sent it and the postman has delivered it to the wrong house like he often does to my mail? I should be able to call someone and find out the status at least. Another week of waiting goes by. Good luck to the rest of you. Rant over.

    ReplyDelete
  17. Anonymous15 August 2012 at 17:44

    ESTIMATED TIME FOR GETTING MONEY BACK(based on 2 person UK sample)
    OK guys just to give you a rough idea how long it took to process my claim (Individual circumstances may vary e.g. different country, claim value disputes etc...):

    2 July 2012: Received email from Worldspreads with application form to fill.

    17 July 2012: Downloaded & completed & posted FSCS Claim form

    20 July 2012: Received letter from FSCS saying received application and could take up to 6mths to process.

    15 August 2012: BUT...Finally, Cheque has arrived!

    I'm assuming RAV sent in his documents straight away on July 2nd with a REF number of 00125 means it took 1 month. I completed my documents on 17th July and REF number is 01100 and it took just over 1mth. Based on that small sample the Answer is it should take about 1mth from the time you send off your FSCS form. But they do say it can take up to 6mths if you have some complex case. So if you don't hear anything by January 2013 you can start worrying. Otherwise just sit and wait.

    ReplyDelete
    Replies
    1. Anonymous26 August 2012 at 21:41

      I emailed my signed claim form on the 3rd July & received confirmation letter on 6th July. I then got a second confirmation letter on 20th August saying they are looking into my claim and will respond asap. No idea why I got this second letter and others haven't. Just some cruel letter to get my hopes up. Has anyone else got this second confirmation letter?

      I'm WORS0079 so that number is irrelevant as is the time the form was sent in as my case proves. Seems like they work on some random theory to process. Still waiting and getting more annoyed by the day.

      As you say, I will really start worrying if I don't get anything by end of 2012. 4 more months of waiting at worst...

      Delete
  18. Anonymous15 August 2012 at 20:18

    My REF number is 00459, no money, no info

    ReplyDelete
  19. Anonymous16 August 2012 at 10:15

    My is 00676, Germany, no money

    ReplyDelete
  20. Anonymous16 August 2012 at 11:39

    You'll probably get your money back in the end, but I guess, REF Number doesn't tell us much about when we get paid. They do say the longest time it will take is 6mths so January 2013 is probably the latest you should hear from them. It could be any of 100 reasons why it is taking so long; your surname(alphabet), when you sent your form, mistakes, fund disputes, ID checking, address errors, where you live(country-different rules), how much Worldspreads lost in your account, how many people they got working on processing, delays in mail....etc

    The good thing is it has stopped me spread betting and I haven't lost any money in ages!! Good always comes out of bad lol!!

    ReplyDelete
  21. Anonymous24 August 2012 at 20:09

    Germany 00450, no money, no info, no reply to my emails, nothing!

    ReplyDelete
  22. Anonymous6 September 2012 at 07:57

    Paid on 4th September uk account. Good luck!

    ReplyDelete
  23. Anonymous6 September 2012 at 15:16

    Just had my cheque this morning. UK Spreadbetting Account.

    Steve

    ReplyDelete
  24. Anonymous6 September 2012 at 17:29

    Me too, U.K. Cheers Rav, gents.
    All the best

    ReplyDelete
  25. Anonymous10 September 2012 at 19:11

    Germany - no money!

    ReplyDelete
  26. Anonymous14 September 2012 at 11:28

    UK client
    Got my cheque this week
    I was ref number 401 ( if that means anything)

    Thanks Rav for setting up this blog, it did ease some of my anxiety to have somewhere to read informed facts on the matter.

    So i wonder what is happening to the Directors...I suppose that like MF it will be a shrug of the shoulders and incompetency accepted as a defense.

    ReplyDelete
  27. Anonymous9 October 2012 at 23:27

    thanks just got my cheque as well

    ReplyDelete
  28. Anonymous10 October 2012 at 08:28

    Got mine some weeks back,

    My question is when are we getting the first divendent, said to be 25 to 30p in the pound, i thought it was going to be september, but i havent heard anything for weeks..

    steve

    ReplyDelete
  29. Anonymous14 October 2012 at 20:44

    Steve, the last i heard from KPMG was first payouts sometime in October....... the lack of info from KPMG is frightening.......
    Jon

    ReplyDelete
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