Quote Orrell Lad="Orrell Lad"It's not the stock market, their money was held by Kaupthing which is an investment bank that collapsed in October. They will probably get some, if not all of their money back. Depends on how quickly the administrators can recover it and who they decide to reimburse first.'"
I am not sure whether they will get it all back, I am a director of a local charity and I had asked for guidance from the charity commission the other week about assets as I was informed that we would only recover 50k, I was contemplating opening other accounts to place monies elsewhere.
I think what I read in the initial press release from MEN was that they wasn't going to get it back.
I will see if I can find the link again