FSCS confirms five firms declared in default in Feb-March 2022
UK FSCS has confirmed that five firms are in default – which means they have gone out of business.
UK FSCS has confirmed that five firms are in default – which means they have gone out of business.
FSCS is still contacting London Capital & Finance (LCF) bondholders who have yet to receive compensation.
UK FSCS has confirmed that 12 firms were declared in default in December 2021 and January 2022.
UK FSCS has confirmed that 12 firms were declared in default in December 2021 and January 2022.
Since its last update in December, FSCS has contacted more than 700 London Capital & Finance bondholders regarding their compensation.
The UK Financial Services Compensation Scheme (FSCS) warns LCF bondholders of a new scam targeting them.
There are over 800 clients of Reyker Securities with client money totalling circa £1 million yet to submit a claim.
FSCS advises LCF bondholders to be wary of any contact, especially through social media, as it may be a scam.
The UK Financial Services Compensation Scheme (FSCS) declared 16 firms in default in October and November 2021.
The changes aim to assist the FSCS in administering the government-funded compensation scheme for London Capital & Finance (LCF) investors.