FSCS issues cheques for £105 million to LCF bondholders
Since its last update in December, FSCS has contacted more than 700 London Capital & Finance bondholders regarding their compensation.
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.
Individuals will continue to be able to make complaints to the FCA about its handling of LCF for a further three months.
FSCS advises LCF bondholders to be wary of any contact, especially through social media, as it may be a scam.
FSCS has now been paying compensation to LCF bondholders who are eligible for the government’s scheme for three weeks.
The changes aim to assist the FSCS in administering the government-funded compensation scheme for London Capital & Finance (LCF) investors.
FSCS has started to contact and offer compensation to bondholders who are eligible under the government’s LCF compensation scheme.
FSCS still expects to start London Capital & Finance (LCF) compensation payments under the Government scheme by the end of November 2021.
FSCS is administering the London Capital & Finance (LCF) compensation scheme on behalf of the government.
The SFO continues to investigate the dealings of London Capital and Finance Plc (LCF) and associated companies.