FSCS declares 11 firms in default including BSPS adviser

The Financial Services Compensation Scheme (FSCS) declared 11 firms in default in March, including several wealth managers and IFA firms.

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FCA apologises for failings on LCF and Connaught

The Financial Conduct Authority has apologised for its handing of the collapse of London Capital & Finance (LCF) and the Connaught Income Fund Series 1 and has set out its approach to assessing related complaints.

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FSCS says most clients of failed DFM have been paid back

Most of the 11,500 former clients of failed wealth manager and DFM provider Reyker Securities plc have got their money back after intervention by the Financial Services Compensation Scheme.

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Court blow for LCF mini-bond victims

London Capital & Finance (LCF) mini-bond victims hoping for compensation have been dealt a blow by a court judgment.

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