FSCS begins claims process for Worldspreads clients

Worldspreads was placed into special administration by the Financial Services Authority (FSA) in March after the discovery of accounting irregularities and a shortfall in client monies amounting to £13m. The FSCS, which has worked with administrators KPMG, said it has now completed the work required to begin the process for people with claims and will soon begin emailing personalised application forms to potential claimants in batches. In cases where it has no valid email address, or where the balance held is very small, it will ask that clients request an application form to complete...