Disliked{quote} Glad at least you will be able to get all your money back through FSCS. This is more like it. The question is: If everybody is going through FSCS is get their 100% of money back, what's going to happen to the client funds that's segregated in the company? Because it's segregated, it will never become part of the company assets for anybody to claim. Or are they going to become part of company "estate" once they see they are unclaimed after a period of time? Or is FSCS turning around and seize the segregated client funds from the company to...Ignored
He actually said there is no point whatsoever in continuing the claim with KPMG and I agree if what he stated is correct.
Personally I dont care what happens to the money in the segregated accounts after that and I dont care how much KPMG want to charge for their services. If the FSCS are going to guarantee me 100% of my agreed balance ill go with them.
As I stated he also told me to phone again next week for clarification but was was pretty certain that what he told me was correct.
As ive said many times the FCA has got it all sewn up in the creditors favour and clients will always lose out as a result which is why the FSCS exists.
The UK banking sector is a huge earner for the UK and they have to keep them sweet which is why unfortunately the FCA will never enforce legislation which puts clients on an even playing field.
Its all politics.