FSCS sets aside £44m for LCF claims

The Financial Services Compensation Scheme (FSCS) has blamed potential claims from the London Capital & Finance (LCF) mini-bond scandal for an additional £44m cost in its £649m 2020/21 budget.


FSCS warns many LCF claims will be rejected

The Financial Services Compensation Scheme has warned that it will reject many claims relating to the failed £236m mini-bond firm London Capital & Finance (LCF).


£45m mini-bond firm collapses after £236m LCF failure

Mini-bond firm Blackmore Bonds has collapsed this week owing £45m to investors in a move that echoes the recent failure of £236m mini-bond firm London Capital & Finance.


Law firm seeks judicial review of LCF bond debacle

Law firm Shearman & Sterling has applied for a judicial review into the FSCS’s handling of compensation for victims of the £236m London Capital & Finance mini-bond firm.

 Advertise your vacancy to thousands of professionals on FINANCIAL PLANNING JOBS  
Finding new talent is tough these days but we can help you reach 12,000+ financial professionals by advertising your job vacancy with us. You can set up an account and post your job the same day on our specialist job board. Dozens of Financial Planning and Paraplanning firms have used our affordable service to recruit.
Offer: Use code 'FPJSaver10' on checkout to save 10% on your listing. Click for details: