The Financial Services Compensation Scheme (FSCS) has raised the spectre of further levies to compensate Bentley-Leek Financial Management customers invested in collapsed property schemes.
Although it has confirmed the firm would almost certainly be unable to pay out any claims, the scheme said it is still assessing whether there are any suitable claims before it can declare it in default. It said: "[The] FSCS is considering whether there may be valid claims against Bentley-Leek for advice it gave in relation to various property-backed ventures, and whether we may be able to pay compensation in relation to those claims. "Although we are not able to say at this time how long our investigations will take, we will provide further updates on significant developments as they...
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