ABOUT 40,000 investors who lost hundreds of millions of pounds in split-capital investment trusts face further delays before they receive compensation payments, according to the Daily Telegraph .
"This is like a kick in the teeth for Christmas," said one victim, Clive Scott-Hopkins. Shareholders in more than 20 splits which collapsed between 2000 and 2002 had been told they might be paid this month, says the paper. However, Funds Distribution Limited (FDL), the organisation set up to administer the £144m compensation fund, said yesterday payment details will now not be announced before the end of January at the earliest. Investors who struggled through 45 pages of paperwork to meet July's deadline were told to expect offers this autumn, but have yet to receive a penny. PENS...
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