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Responses from Bond Companies | Kaupthing Singer & Friedlander Isle of Man (ksfiom) Depositors Action Group

Responses from Bond Companies

Dear Members, Thank you for your e-mail regarding Kaupthing Singer and Friedlander Isle of Man. I am very sorry that our customer’s investments have been affected as a result and appreciate that this must be a difficult and worrying time for them. I know you are aware of the websites where further information regarding this issue can be found. Although Friends Provident International Limited (FPIL) is not party to any information that is not already in the public domain, we do continue to work with the Manx Insurance Association (MIA) to influence the Isle of Man (IOM) government to seek the best outcome possible for depositors. I am aware that high-level talks continue in an effort to save the bank from entering liquidation. It is, however, unlikely that there will be any progress to report until after the 27 November, which is the date of the next court hearing in the IOM. Our business is conducted through Independent Financial Advisers (IFAs) and correspondence is sent direct to IFAs who introduced the business to FPIL. Updates will continue to be sent using this route, unless a request has been received from a customer asking for correspondence to be sent direct to them. I do sympathise with all the customers and IFAs affected. We will continue to send updates using the process outlined above when additional information is available. Yours sincerely Rocco Sepe Managing Director International Royal Court, Castletown, Isle of Man Telephone: + 44 1624 8211212 Fax: + 44 1624 824405 Website: www.fpinternational.com

20th Feb 2009 update email from Skandia

Update – 20 February 2009 - Kaupthing Singer and Friedlander (Isle of Man) Limited (KSFIOM)

Scheme of Arrangement

At the hearing of 19 February, the liquidation of Kaupthing Singer and Friedlander (Isle of Man) Limited (KSFIOM) was again postponed with 9 April set as the next date for the court to convene.

Communication with Royal Skandia 3 December

Email from Royal Skandia 18 November 2008:

Thank you for your email dated 7 November 2008.

We have communicated and will continue to communicate directly with our

KSFIOM DAG correspondence with Life Companies

This is the text of a letter sent to all five life companies involved with the offshore bonds with assets held in KSFIOM on 7 November 2008:


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