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  • #7,361
  • Jun 29, 2015 6:51am Jun 29, 2015 6:51am
Just made my sixth call to FSCS.

Spoke to Gary.

According to him:

 

  1. All verification processes have been done by KPMG for those on the second list of payments which are in their possession ( FSCS)
  2. There is about 1400 clients which still have to be checked by FSCS before they can make the payments
  3. It is no longer KPMG's business to pay the second tranche , and the authority lies with FSCS to make the payments. Once you are on the list it means that KPMG is done with the verification process
  4. They are looking to make the payments ONLY NEXT week!


So this is the story I got. Sad to say but they keep on postponing the pay out date.

It is very difficult to have confidence in FSCS anymore. It is also clear to me that whoever answers the phone is playing a game. You simply cannot get anybody who is prepared to give facts. It is as if nobody wants to say something and stick with the story.

G

Never Ever Give Up!
  • #7,362
  • Jun 29, 2015 7:00am Jun 29, 2015 7:00am
Thank you for the infomation
  • #7,363
  • Jun 29, 2015 7:04am Jun 29, 2015 7:04am
Quoting Cobra
Just made my sixth call to FSCS. Spoke to Gary. According to him: All verification processes have been done by KPMG for those on the second list of payments which are in their possession ( FSCS) There is about 1400 clients which still have to be checked by FSCS before they can make the payments It is no longer KPMG's business to pay the second tranche , and the authority lies with FSCS to make the payments. Once you are on the list it means that KPMG is done with the verification process They are looking to make the payments ONLY NEXT week! So this...
Thx u cobra for tje updates
  • #7,364
  • Jun 29, 2015 7:10am Jun 29, 2015 7:10am
Quoting Cobra
Just made my sixth call to FSCS. Spoke to Gary. According to him: All verification processes have been done by KPMG for those on the second list of payments which are in their possession ( FSCS) There is about 1400 clients which still have to be checked by FSCS before they can make the payments It is no longer KPMG's business to pay the second tranche , and the authority lies with FSCS to make the payments. Once you are on the list it means that KPMG is done with the verification process They are looking to make the payments ONLY NEXT week! So this...

Last time I called FSCS was last Monday and I got told I would be paid last week. i chose FSCS from the start but got paid 55% from kpmg last week which i was not even expecting. i will give them a ring now to see what i get as still owed 45%
  • #7,365
  • Jun 29, 2015 7:11am Jun 29, 2015 7:11am
Quoting Cobra
Just made my sixth call to FSCS. Spoke to Gary. According to him: All verification processes have been done by KPMG for those on the second list of payments which are in their possession ( FSCS) There is about 1400 clients which still have to be checked by FSCS before they can make the payments It is no longer KPMG's business to pay the second tranche , and the authority lies with FSCS to make the payments. Once you are on the list it means that KPMG is done with the verification process They are looking to make the payments ONLY NEXT week! So this...
Thx u cobra for tje updates
  • #7,366
  • Jun 29, 2015 8:34am Jun 29, 2015 8:34am
For me i just don't know where to start from , pleas how can i find out if am eligible to get my payment through FSCS, after choosing them .
  • #7,367
  • Jun 29, 2015 9:03am Jun 29, 2015 9:03am
Called FSCS again. Asked them what's the hold up because I called last week and was told Friday to Monday payment should be in!!

The guy blamed the system, "it was down all weekend etc"

He said "Payment window is now from now till friday."

I told him "I can understand shit happens that you can't predict (traders should know this) but keeping us in the dark is frustrating and ruins your credibility."

He said "we apologize etc"

This is f*cked up
  • #7,368
  • Jun 29, 2015 9:09am Jun 29, 2015 9:09am
Quoting GreatnessV10
Called FSCS again. Asked them what's the hold up because I called last week and was told Friday to Monday payment should be in!! The guy blamed the system, "it was down all weekend etc" He said "Payment window is now from now till friday." I told him "I can understand shit happens that you can't predict (traders should know this) but keeping us in the dark is frustrating and ruins your credibility." He said "we apologize etc" This is f*cked up

This just underline what I posted above.

Each person who picks up the phone has a different timeline and a different story.

How can people working on the same issue and in the same office not have corresponding answers to our questions. For heavens sake do they not talk to each other or at least agree to give one answer which is the same.....?

They have zero credibility in my eyes.

G
Never Ever Give Up!
  • #7,369
  • Jun 29, 2015 11:40am Jun 29, 2015 11:40am
Quoting GreatnessV10
Called FSCS again. Asked them what's the hold up because I called last week and was told Friday to Monday payment should be in!! The guy blamed the system, "it was down all weekend etc" He said "Payment window is now from now till friday." I told him "I can understand shit happens that you can't predict (traders should know this) but keeping us in the dark is frustrating and ruins your credibility." He said "we apologize etc" This is f*cked up
Yep get told something different every time .
  • #7,370
  • Jun 29, 2015 3:15pm Jun 29, 2015 3:15pm
This reminds me of the 1980's film "The money pit". Every time Tom Hanks asks the builders when the house will be finished the reply is always "2 weeks!"

All we can do is wait unfortunately...
  • #7,371
  • Jun 29, 2015 3:36pm Jun 29, 2015 3:36pm
You still haven't got your money back??? It's been more than FIVE months already!!
Make your losses in demo. Earn your profits live.
  • #7,372
  • Jun 29, 2015 3:58pm Jun 29, 2015 3:58pm
i'm glad I have got 55% back already better than nothing I suppose
  • #7,373
  • Jun 29, 2015 7:42pm Jun 29, 2015 7:42pm
Quoting Forexia
You still haven't got your money back??? It's been more than FIVE months already!!
Nope, still waiting for the second tranche payout from the FSCS
  • #7,374
  • Jun 29, 2015 7:52pm Jun 29, 2015 7:52pm
On the plus side, in the time I've been waiting for my money, I've managed to trade my way back to the same amount and withdraw it But it would still be nice to get what I am owed from this fiasco. Just glad I started trading again and didn't sit and wait.
  • #7,375
  • Jun 30, 2015 3:04am Jun 30, 2015 3:04am
Quoting Forexia
You still haven't got your money back??? It's been more than FIVE months already!!
Quoting maxvre
{quote} Nope, still waiting for the second tranche payout from the FSCS
And I am still waiting for the so called Claims Portal to get into, no emails or contact from the KPMG, nothing... Not sure If I will wait forever. Too busy otherwise , but will make a nice complaint soon.
Beware of robber banks (RB), bad advisors.
  • #7,376
  • Jun 30, 2015 3:27am Jun 30, 2015 3:27am
Quoting Not-KPMG
Quoting Forexia You still haven't got your money back??? It's been more than FIVE months already!! {quote} And I am still waiting for the so called Claims Portal to get into, no emails or contact from the KPMG, nothing... Not sure If I will wait forever. Too busy otherwise , but will make a nice complaint soon.
Today is end of june, and still no payments. I woorieb about FSCS as financial regulator. .. We talk about UK, but we can see their work is very disappointed.
  • #7,377
  • Jun 30, 2015 3:39am Jun 30, 2015 3:39am
Quoting Not-KPMG
Quoting Forexia You still haven't got your money back??? It's been more than FIVE months already!! {quote} And I am still waiting for the so called Claims Portal to get into, no emails or contact from the KPMG, nothing... Not sure If I will wait forever. Too busy otherwise , but will make a nice complaint soon.
Me too
  • #7,378
  • Jun 30, 2015 3:40am Jun 30, 2015 3:40am
Quoting maxvre
On the plus side, in the time I've been waiting for my money, I've managed to trade my way back to the same amount and withdraw it But it would still be nice to get what I am owed from this fiasco. Just glad I started trading again and didn't sit and wait.
Yup I did the same thing too. Beginning of Feb I started trading again with smaller funds than before, got it up to a decent amount, nearly back to half what I'm owed
  • #7,379
  • Jun 30, 2015 3:42am Jun 30, 2015 3:42am
Quoting Not-KPMG
Quoting Forexia You still haven't got your money back??? It's been more than FIVE months already!! {quote} And I am still waiting for the so called Claims Portal to get into, no emails or contact from the KPMG, nothing... Not sure If I will wait forever. Too busy otherwise , but will make a nice complaint soon.
Today is end of june, and still no payments. I woorieb about FSCS as financial regulator. .. We talk about UK, but we can see their work is very disappointed.
  • #7,380
  • Jun 30, 2015 4:41am Jun 30, 2015 4:41am
this is the day that everyone realized we are in deep sh!t and the Lies goes on and on..
keep up waiting for them bastards
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