FSCS payouts to London Capital & Finance bondholders exceed £50.9m
FSCS has now paid out just over £50.9 million in compensation to 2,584 LCF bondholders who held 3,440 LCF bonds.
FSCS has now paid out just over £50.9 million in compensation to 2,584 LCF bondholders who held 3,440 LCF bonds.
The UK Financial Services Compensation Scheme (FSCS) says that there are around 10,200 more claims than had been expected due to LCF pay-outs.
The UK Financial Services Compensation Scheme (FSCS) has completed its investigation into B&G Finance Ltd.
FSCS has finished the investigation of Direct Market Touch and has started assessing claims.
FSCS declares 45 firms in default May to October 2020, meaning that more customers are in line for compensation.
FSCS has been working closely with the Joint Special Administrators to ensure that Reyker clients’ assets are returned as quickly as possible.
To date, the Financial Services Compensation Scheme (FSCS) has paid out more than £38.1 million in compensation to LCF customers.
Because of the amount of data the FSCS needs to review, it does not expect to complete the LCF review process before the end of December.
PWC stated that it has received 79 claims from Fixi plc clients and creditors. 32 of these claims have been reviewed, agreed and compensated by the FSCS.