FSCS pays out £880k in Bentley-Leek claims since April

More than 300 customers lost money investing in a series of property developments in the UK and abroad between 5 March 2004 and 23 November 2010. Since April the FSCS - which is paid for by the financial services industry - has received 234 claims, made decisions on 35 and paid out more than £880,000 in compensation. The scheme officially declared IFA Bentley-Leek in default in June. The firm entered insolvency in November 2011. The Financial Conduct Authority (FCA) last week banned two directors of the IFA, Mark Bentley-Leek and Mustafa Dervish, from holding any position at a fina...