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

The High Court has ordered 24HR Trading Academy Limited to pay restitution of £530,000 to ex-clients.

The compensation Quilter paid to its senior management in 2020 fell 37% as adjusted pre-tax profits for the group fell from £182m in 2019 to £168m.

If I was a Financial Planner I would likely be infuriated by the news today from the Financial Services Compensation Scheme forecasting a levy on regulated firms of over £1bn over the next 12 months, up 30% on the previous year.