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The joint special administrators of Reyker Securities announce third and final distribution of client money.
featured, Reyker compensation, Reyker Securities
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The administrators of Reyker Securities have now processed a first and second distribution for circa 97% of client plans.
featured, Reyker compensation, Reyker Securities
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More than £53.6 million of the client money pool has now been distributed to clients of Reyker Securities Plc.
Reyker Securities, Reyker Securities compensation
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The administrators of Reyker Securities report that the vast majority of clients have now received 98.25% of their client money.
Reyker Securities, Reyker Securities compensation
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There are over 800 clients of Reyker Securities with client money totalling circa £1 million yet to submit a claim.
Reyker Securities, Reyker Securities compensation
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There presently remains more than 900 clients of Reyker Securities with over £1.2 million of aggregated client money yet to submit a claim.
Reyker Securities, Reyker Securities compensation
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The JSAs of Reyker Securities advise that the transfer of Custody Assets, Corporate Action Income is practically complete.
Reyker compensation, Reyker Securities
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The administrators of Reyker Securities expect the second phase of payments for the first interim distribution to commence shortly following 18 June 2021.
Reyker Securities, Reyker Securities compensation
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Most of the 11,500 former clients of wealth management firm Reyker Securities plc have regained access to their assets.
FSCS will cover the costs of the Special Administration of Reyker Securities for almost every customer.
