Treasury announcement on Icesave

8th October 2008

HM Treasury confirmed this morning that if, as expected, Landsbanki is soon declared in default, the Government will make sure that no retail depositor will lose any money as a result of the closure of Icesave.

The Treasury have also confirmed that arrangements are being put in place to ensure that all ISA customers of Icesave will continue to benefit from the tax free status of their accounts.

FSCS is working closely with HM Treasury, the FSA and the Icelandic compensation scheme on arrangements to get people their money back.

Please check this page for further updates.