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Manx Govt says KSF depositors should receive payments in months

The Isle of Man Government says Kaupthing Singer and Friedlander IoM depositors should start to receive compensation payments from August.

It says invitations to claim went out to Friday to depositors and the closing point for the first payment is June 30.

IoM finance director John Spellman said: “We are trying to get the money out to people as soon as possible – we are almost through agreeing the terms with the scheme manager.”

Spellman could not give further detail on the terms as he said it required approval from Tynwald.

He said: “The intention is that the first block of payments is agreed by June 30 and money goes out probably in August.”


Jupiter reveals Japan Sicav details

Jupiter today announced the upcoming launch of the Jupiter Japan Select fund, a Luxembourg-domiciled Sicav, at the beginning of July.The Japanese stockmarket was hammered last year, undermining earlier hopes that the countrys well capitalised companies and high savings ratio would see it through the downturn. Simon Somerville, who will manage the new fund as well […]

Whitehall reshuffle

Former Treasury Chief Secretary Yvette Cooper has replaced James Purnell as Work and Pensions Secretary after he quit the Cabinet last week. Angela Eagle has taken over as pensions minister from Rosie Winterton, who has only had the brief since October 2008, when she took over from Mike O’Brien.


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