FSCS to close LCF compensation scheme administered on behalf of UK Govt
FSCS is now preparing to close the LCF compensation scheme that it has been administering on behalf of the government.
FSCS is now preparing to close the LCF compensation scheme that it has been administering on behalf of the government.
As of June 2022, FSCS have paid compensation for 12,421 bonds under the government scheme, totalling over £115 million.
FSCS has issued a warning against scammers targeting London Capital & Finance (LCF) bondholders.
FSCS has now paid compensation for 12,330 bonds under the government scheme, totalling over £114m.
The FCA has clashed with the Complaints Commissioner over the handling of the London Capital & Finance (LCF) matter.
FSCS is still contacting London Capital & Finance (LCF) bondholders who have yet to receive compensation.
The SFO is aware that emails and LCF headed letters have been sent to bondholders purporting to be from a director of the company.
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.