A further 754 former clients of collapsed discretionary fund manage (DFM) Beaufort Securities have been compensated by the Financial Services Compensation Scheme (FSCS).
In total, more than 16,100 clients have now been compensated by the lifeboat fund. The most recently compensated clients have been transferred to broker The Share Centre, as with the majority of their fellow investors. According to the FSCS, the 1,400 clients who still require compensation are affected by a variety of more complex issues around foreign assets, and may have to wait longer to be transferred. In September 2018, more than 12,000 Beaufort clients were transferred to The Share Centre where they were able to access their cash and assets. In November a further 3,350 gained ac...
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