FSCS has updated on the following claims:  

  • London Scottish Bank: so far, FSCS has paid over £88 million. It is processing claims as they fall due and it receives application forms. It expects ultimately to pay around £250 million;  
  • Kaupthing Singer and Friedlander: FSCS has paid over £145 million and is still processing claims. Some are more complex than expected and are taking longer to process; and  
  • Heritable: FSCS has processed every claim it has received paying £7.9 million.  

These amounts are in addition to payments on the various transfers to ING Direct.